No sale at all would be even better, a convertible note (maybe prior to 2012 from later news?) with a part of DBCT if certain gains not met (form of guarantee) is the position alluded to from this mornings announcement from BBI, not some yankee journo trying to sell papers/do some fun ramping.
The investor takes a stake in the whole group of assets and income stream, not just part of DBCT, for the same money as part of DBCT. DBCT stays in house and intact. Nothing else is sold to satisfy this position. BBI are diluted but NAV is more certain. Banks get off back.
recapitalisation ensues.
good in my book, just hope they include ALL holders inc. note holders in offer.
ifandwhen
BBI Price at posting:
7.8¢ Sentiment: LT Buy Disclosure: Held
