well VLV, circumstances change. And this is exactly what has happened with BBI as a company. What was realistic 18 months ago is now totally unrealistic and this is my point really.
I told a friend a while back that he needs to switch from 'bull market mode' into 'bear market mode' as that is the market we are now in and we have to adapt to survive in the current market. I think hanging on to 2012 for your $1 is bull market mode.
That is not to say you shouldn't fight for your rights to get $1. Fight tooth and nail if you have to. But there comes a point where to help the company protect its value (which ultimately is your value if you are a BEPPA holder and you may get converted into shares) then there will be a middle point where anyone realistic would accept a restructuring to make it more likely for you to extract your $1 of value in the end from their BEPPA's. And I can tell you that hanging on for $1 in 2012 will mean almost certain conversion and a tanking share price via dilution and that will not return you $1 at all.
You need to think outside the square with these BEPPA's if you want to extract the value.
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