ann out!, page-71

banks will agree because they get extra $1.2bil cash plus $300mil from DBCT. BBI will only be left with asset level debt which interest is being met and no defaults.

owners 'should' agree. current 100% BBI = $140mil odd

convert beppa, and you will add anothe $770mil odd.

770+140=$910mil * 18%= roughly what you have now.

then add $600 mil from csi and lower your holdings from 18% to 9%, you would have 9% of $1.5bil. still what you have today.

then the article went on to say you would be offered a rights issue to raise another $600mil(in effect creating about 45bil shares if fully subscribed, 15bil would be the csi or 33%).

you would then have 18% again of $2.1bil. it all works for everyone concerned.

cheers