corner stone investor vs strategic partner, page-35

Another way of looking at that announcement is that asset sales to cornerstone investor at below book price are designed to pacify them in regards to dilution of holders.
This allows BBI to give holders ,mainly Beppa and Sparks, a haircut but not a scalping,in return for their approval,it is more likely to succeed if they do not make a very low offer.
I know some will say what choice do they have, administration or accept the deal,that would depend on the offer and how many holders are long term ,when e.g Beppa were 80c plus,too low an offer and people can be bloody minded and say no, we will take our chances with administration and possible litigation.
Just speculation

I hold Beppa