Guys! I'm with Dargie on this one. Too much dreaming.
We DO NOT know anything yet, nil announcement and a whole lot of guessing happening here. So with such a lack of knowledge as to what will actually be announced it's pointless guessing at the SP.
Recently we saw the SP hit a high then retrace.
Same could happen. It could also tank.
I invite some discussion to take place regarding the following :
1) Holders of BEPPA - should an announcement come out which is positive, followed by a massive jump in SP to "say" 30c would you sell and leave BBI/BEPPA all together?
OR
2) Ann comes out, and how many would take a restructure and hold for 5 yrs plus till BBI gets nursed back to health.
I have seen a lot of "counting of chickedn b4 they hatch today", but no one has explored the view of eg. You have 100000 BEPPA, you are offered 4 for 1, so you end up with 400, 000 BBI. Would you put them in the bottom drawer knowing BBI's cash/debt has been improved, top class assets retained and wait it out till it hits $1 years from now? Hence 100000 BEPPA turning to potentially $400,000 5 plus yrs from now?
Basically what I am asking is who here is willing to stick it out with BBI long term, should a restructure benefit the company at present in order for holders to reap rewards in the future?
BBI Price at posting:
7.8¢ Sentiment: Hold Disclosure: Held