re: Ann: Further details concerning AETD Asse... BBI management...

re: Ann: Further details concerning AETD Asse... BBI management may have been caught napping as there are quite a few BEPPA holders, the largest holders and now also the significant holders, wanting to obtain better terms for the sale of their AET&D assets. Has been playing out lately in favour of the holders as BBI know they must get these larger voters through before or at the meeting or no job.

"...that the AET&D entities seek the approval of EPS holders (as at 7.00pm on the date of the EPS holders meeting-record date) for any proposed sale of all or a material portion of the AET&D assets prior to completion of such a sale",
in other words holders as at 7pm 16/11/09 which is when the BEPPA holders are recorded for their share of the AET&D assets sales value,

also
"...BBI intends to convene a meeting of EPS holders at which they may vote to approve the sale (any meeting ......in the same manner as would have applied to a meeting of EPS holders while EPS were on issue except that 14 days notice must be given of a meeting)"

rosyoutlook, Date of this meeting? anytime up to 3 years

Fees to BAM by AET&D are still $5mill for base asset management PA and 1% transaction fees on any sale.
Just now wondering if there may yet be an adjustment to these fees before the meeting.