annoucenment?, page-66

Yes all very disappointing, and I am surprised about the banks. Depending on the outcome of BNB, the banks will have a considerable share in the BNB sats (maybe 10% in BBP & BBI ???), and if dilution, then their share is also eroded.

Surely some of the additional PowerCo funds(the extra 8% for $23M) could have been used for SPARCS as this was never accounted for previously for debt repayment.

It just seems that the banks won't let any of these BNB sats or BNB die because they can just keep bleeding them to pay for all their woes around the globe.

I would be very surprised to see any more than 15-20% taken up as BBI conversion because SPARCS holders like BEPPA, have them for a different reason to BBI, ie they are further up the feeding chain.
By converting, SPARCS holders may get many multiples of "not much" and will then sit behind BEPPA in the feeding chain.
Remember SPARCS and BEPPA (equal rating) will get up to $1+ in event of liquidation before BBI get $0.00001
(possibly there would be nothing for anyone but the banks).

Does anyone on HC know the top 20 BBI, BEPPA and SPARCS holders, or how to find this info ?
I have seen some BEPPA holder info previously (from memory just after listing on the ASX back in Sep 2007)