Good for you Petro. It's all part of the learning process.
I went through the whole death spiral process in 2001 with the Resolute convertible notes vs the ords and really cleaned up then and that experience proved to be extremely fruitful in the BBI case.
I waited almost a year for the BBI death spiral to spiral to its bottom before purchasing BEPPA just when it all appeared to be doomed. The recap of several other similar players - Goodman, Centro, Asciano and others - made me feel like the money was there if something was rescuable and I banked on the upside in DBCT to make BBi worth saving. However the price for the BBi rescue is they lost half of DBCT which was a pity.
BBI Price at posting:
3.6¢ Sentiment: None Disclosure: Held
