is this a big joke?, page-9

b00f,

You are spot on. BBI is now priced as a call option. It's purely a punt for the traders. There are no instos touching this now.

It really doesn't matter what prices BBI/BEPPA trade at. There are only two outcomes.

1. Cornerstone investor walks...... administration/suspension...wait a decade for probably nothing.

2. The cornerstone investor dilutes BBI after SPARCS and BEPPA have diluted BBI. Make no mistake, the cornerstone investor (especially if it is Brookfield) will demand 99% of the new equity after dilution. If that means BBI have to issue 300 Billion new BBI securities at 0.001c, they will do it. The CI will own all but three fifths of a banana sandwich and then they will acquire the rest by compulsary takeover and then de-list it and transfer all the assets into their portfolio in Canada. Kendrew, Sellar and Liossis probably then work for Brookfield Asset Management managing DBCT and the other OZ based assets.
The situation is hopeless. I would not contemplate putting one dollar into BBI/BEPPA at current prices. The only possible investment would be after the triple murder takes place and even that's debateable the more one looks at the situation.

SPARCS? Not a single buyer in the NZ market. Last traded around 49c and I wouldn't touch them at 9c.