melua's bbi restructure, page-33

"The company was structured to avoid takeover and so far that appears to be working."

Only now, it is working against them with the BEPPA blocking the path.

Look at all the capital raisings recently. if Goodman can raise $1.5B, then it shows the money is there for companies like BBI if they can show they can survive and if they can eliminate the BEPPA monkey on their backs.

Good post, but the BEPPA are crippling the company and blocking the way. BBI will never recover if the prefs are retained in their current form.