Does the article imply that the $585 million is before or after the $516million odd of debt? ie. if before debt does it mean net proceeds to BEPPA holders of around $60million? which means after BAM's fees there will be nothing left for ex-BEPPA option holders....?
a re-capitalisation by the former BEPPA holders sounds better. they should put that idea forward at the meeting to vote to approve whatever sale they propose...
PIH Price at posting:
0.0¢ Sentiment: None Disclosure: Held
