BBI 0.00% $3.98 babcock & brown infrastructure group

question for melua, page-4

  1. 14,880 Posts.
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    Now we know why the insiders were buying BEPPA aggressively up to 20c. A no-brainer if you knew the deal.

    Above 20c there was a bit of risk.
    Maybe the deal would not get through?
    What if the market doesn't buy the codswallop story spun by BAM and BBI?

    The BEPPA buyers had a big headstart. Insiders knew. I sold (to insiders) on what info was available to the market. I said BBI would be worth $0.001c. Jonkey gave a comparison where BAM had done similar.
    This is a deal whereby I actually think the US instos have been stiffed as well as any Aust instos that agreed to take a placement. Time will tell but I think this will end in tears for everyone except BAM and instos/BEPPA/SPARCS holders who exit pronto.
    The 4c carrot to existing BBI holders is blackmail to get the vote through. Someone in the market knew about the 4c capital return because as we all said, the shares should have been trading at well under 1c on what was disclosed to the market.
    apples, towie and others, I genuinely feel sorry for you guys. I think what has happened is actually bordering on criminal.
 
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