I cannot see how this could be bad for BEPPA in anyway.
If you were sole BEPPA Holder why would you care if BBI gets diluted to bugger all. The company is saved they have cash they pay off debt and you wait until 2012 for your coin.
The corner stone investor cannot dilute BEPPA and as Nathablack pointed out yesterday BEPPA has voting rights seeing as we are owed past distributions. Sure there may be some offer to buy out BEPPA now or in the future at a discount but it will be just that, an offer. They cannot force BEPPA holders to accept less than face value (my understand, DYOR)
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