BBI babcock & brown infrastructure group

sparcs conversion figures due on friday, page-54

  1. 1,552 Posts.
    lightbulb Created with Sketch. 11
    Dargie, it appears that you are able to read the words but not understand the meaning !

    Read my post in conjunction with the post I was replaying to and it will make sense.

    OK, I will help you,

    PViews said:
    "
    They should announce a $25m share buyback on 20 April for 20 business days to boost the BBI price and ruin the conversion! lol!
    "

    I replied to that post:
    "
    If they had $25M, then they could simply pay out the SPARCS that have requested conversion.
    "

    And YES, I and most of the BBI posters understand that It is unlikely the SPARCS will be paid out.

 
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