Ozzie, refinancing was a given, but the bad news re sparcs and the ports sale did not meet the company's expectations.
If you believe in coincidence you might believe that all this information came to BBI on the same day, I don't believe in the incidence of coincidence.
So I believe that the positive (refinancing announcement) was released on the bad news day of the sparcs issue.
You believe what you want- all i know is BBI share price has retreated since its high of 11.5c and in my opinion it now might recover this afternoon, but will gradually fall prior to the sparcs meeting date as BBI do not have the numbers in the bag. Hastings Management might also be trying to do a back door deal with BBI, they hold the balance of power- will they use it? Would you?
BBI Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
