Still would have been misleading to SPARCS though. They are only getting 0.2c which is both less than face value and less than last traded price.
Can BBI just claim "We requested an ASX suspension of trading, and it was denied. Take your complaint to them, we are not liable."
I honestly believe that the exact mechanics and outcome werent known until just prior to official ann. The rough idea would have been their about the capital return to BBI, but the 4c would have changed a few times in the discussions.
Same for Beppa. They most likely knew Beppa would get more than the last traded price and less than $1, but i doubt they knew 43c. And lets face it, it could still end up being less.
The ASX are more to blame than BBI in this instance.
BBI Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held
