$205 million due oct 30, page-26

"I do not understand Meluas postings at the moment. He has posted that he has Shorted the stock BBI and has been selling his BEPPAs and now has gone very negative towards the stock"

To be fair, a few things have changed.

Beppa was 12c with what Melua and some others considered an above average chance of restructuring into BBI shares.

Beppa is now 15c and offers a selling oportunity, especially now that a restructure although still possible, seems less likely from the guidance given in FY Report.

RE:shorting the stock, it made sense to hedge bets. BBI go up, Beppa go up(profit on beppa, loss on BBI short). If it went the other way, BBI go down, Beppa go down(profit on short, lose on beppa).

this is still the beginning of BBI story, their are many ups and downs still to come. If DBCT was delayed or called off the sp would get hammered. If it sold tomorrow then the price would rocket.

A balanced post is great but a purely negative post(if factual) is still worthy because others can respond with countering arguments.

Melua has been clear and upfront with his position, his posts may be negative currently but they are factual. BBI is still trading for administration at 7c, so obviously there is alot of negatives around.

Our challenge as investors is to determine the likely outcomes of future events and weigh the negatives and positives against each other.

Debt, Asset sales, Dilution. Everything centres around those three words.

cheers