BBI babcock & brown infrastructure group

question for melua, page-9

  1. 7,746 Posts.
    until recently even you were predicting a beppa restructure and thought it was excellent leverage into BBI, in the end thats how it panned out. yes their was insider trading, but as many were saying all along Beppa would convert at face value then be diluted. it just came down to what the individual thought a diluted BBI would be worth.

    the insiders knew 40c odd, but full conversion was always going to provide a nice return. the fear was that they wouldnt convert at face.

    as you showed it could be closer to 25c than 40c, so selling out at 20c is pretty good. hard to convict on insider trading turning 20c into 25c with all the risk attached.

    i would like an inquiry just to see what offers were made for DBCT 100% and what offers were made by RBS and how the BAM offer has evolve since the first approach in june.

    without the media, we wouldnt know about RBS. are their others?

    i really hope for rival bid now.
 
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