I disagree with some of the sentiments expressed today re BBG SP...

I disagree with some of the sentiments expressed today re BBG SP move. In my view, the SP should recover slowly but steadily from now on.

My rationale is this: the Board (and all players involved) have made significant investment in time and money to salvage and support BBG, albeit protecting themselves from downside which is fair enough. This cannot be a short term strategy (other than the debt sharks who may make a quick buck, unless they have some additional interest which is yet unknown). I do believe and hope the players have seen value in BBG which they wish to uncover with new CEO and revamped Board. This will take time, but I do not see 50c as the limit for medium term. The options if exercised, will not be to make a quick buck, but to strengthen their position, and to grow it in the medium/long term.

I see the current situation as a resolution for the medium term, rather than to be viewed in alarm. Of course, there can be twists and turns, but the SP trend should be up.

Whilst I may not take a chance with the SP for too long (having suffered enough), I am at least heartened by the fact that the disaster seems to have been avoided.

Good luck to holders.

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DYOR. This is not advice, only speculative views.