Enumerate, this is certainly a real possibility. I would have expected the BBI Mgt to be doing this already but since Fridays announcement it is apparent they are floundering, or have another agenda.
I'm still amazed why BEPPA is only trading 3c above BBI ! With imminent conversion or admin, I would have expected the ratio to much larger to reflect this as BEPPA has priority in windup. There may be nothing after windup, but SPARCS and BEPPA stand $800M+ in front of the BBI ords.
BBI Price at posting:
4.7¢ Sentiment: Sell Disclosure: Held