age article re bbi, page-32

"but i cant see on earth why you have 3million beppa when
you thought bbi had no future
did you buy them at 3 cents or something???"

Yes. Basically. If you had been following me over the last 9 months here on BBI you would know what I have done. I tell the forum as I'm doing something, not after.
I was in a situation where I owned 5M BEPPA at average 2c (due to arbitraging and trading BBI/BEPPA). Sold BBI (from 17c down to 11.5c) after Corus bad news in April. Bottom line. I ended up with 5M BEPPA for about $100K net outlay.
I started to liquidate BEPPA recently to crystalize my profit. At BEPPA 16c, I had over $800K worth of BEPPA that had cost me $100K. Then when I read the FY report, I decided there was a lot of short term risk in the company so I better take my profits. Reasonable I would have thought?