The proposal is a very nasty one for BEPPA holders and deserves to be voted down.
The discriminatory treatment of the BEPPAs versus the SPARCS is a disgrace.
The privileged treatment of the corporate lenders compared to the BEPPAs, who hold a direct more senior interest in BBI EPS Ltd, is stomach churning.
Management failed at selling assets and they have now failed at gifting the company away in a plausibly reasonable manner.
This brutal suppression of BEPPA rights can not be meekly accepted but needs to be contested vigorously and forthrightly. The vote comes next and is our chance to stand up against this shabby mistreatment.
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