SP3, Good point, however doesn't BEPPA have to be paid out...

SP3,

Good point, however doesn't BEPPA have to be paid out before BBI holders get anything? Or is BEPPA included in the $10B debt?

I don't think it will go to zero, but doesn't the market think it could happen (I know the market isn't exactly rational at the moment)? Why else would people sell at 3 or 4c?

Anyway, this has probably been covered before, and I'm more than happy to hold and see what happens. The potential downside is very limited compared to the potential upside, and if you are right and we would get something even if it folds then that's even better.