BEPPA is still a far better buy right now. At some point though, a switch back to BBI will be in order. Since the sweep facility has been ordered by the banks, BBI is basically forced to pay down corporate debt. Once this happens, I expect BEPPA to run harder than BBI in the short term. I would then switch at a certain price differential back into BBI and then ride BBI all the way to the $1+ mark.
Hypothetical: You own 2 million BEPPA that have cost you around $120K. Corporate debt is paid off and BEPPA are sitting on 50c whilst BBI is 30c. I would then recommend switching the 2 million BEPPA for 3.3M BBI. Then ride the BBI all the way to the $1.
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