Blackrivered and Dis, I had previously thought about doing that, but have refrained so due to the fact that the volume is just not there to sell back the BBI. even at 1c.
The plan of converting SPARCS to BBI in order to sell just does not work due to the lack of volume. Lets say only 10% of SPARCS holders did this at a 20 day VWAP of an optimistic 5c BBI SP - it would put another 248 million BBI shares on the market in the short term. You think that they could get $.01 per share??
BBI Price at posting:
3.5¢ Sentiment: None Disclosure: Held