Below is from one of my previous posts. I have also requested clarification from BBI today.
What are the views on the forum - will it be an issue for BBI up until Nov 2010 ?
Lots can occur and I would not like to see BBI sit with their hands tied because of a technicality in a trust deed !
" It appears (and I am no expert) that BBI & BEPPA will not not receive and divs until SPARCS have been paid out but this now won't occur until Nov 2010, ie. the new reset date ! Question, are BBI allowed to pay out SPARCS prior to new reset date ?
Does this mean that even with assets sales, no divs can be expected for BBI / BEPPA until after 2010 ? The only way BBI can survive is to have the flexibility to meet the changes in global economy if this is not possible then BBI and BEPPA SP will struggle to attract investment. "
BBI Price at posting:
4.4¢ Sentiment: Hold Disclosure: Held
