By the way, the CFO was questioned by ABN yesterday about the $205M due in Oct and what plans they had for that? The answer that the banks could elect to put PD Ports into administration was indeed sobering but the CFO did say "could" (not would) which everyone knew anyway so he was playing a straight bat. I think it was negative body language and no real Plan B for Oct debt, SPARCS dilution and FEB debt that made ABN walk away unimpressed.
As I said earlier, perhaps CFO Sellar should join pokerstars.net He would be hard to beat. None of this recapitalisation "leaked" when you look at who bought and sold all the stock last Wednesday. BBI are as tight as a drum it seems. Maybe some insiders bought BEPPA quietly on the side? Who knows and who will ever know? The ASX and ASIC are useless so it will remain a mystery.
BBI Price at posting:
7.8¢ Sentiment: None Disclosure: Held
