bbi and beppa holders have been robbed , page-14

persistentone wrote: "That 18% also seems to assume a 4 to 1 conversion of BEPPA shares to BBI shares"

no, the article states "A Merrill Lynch analyst, Matthew Spence, calculated the full conversion of BBI's BEPPA and SPARCS hybrids - a likely condition of any recapitalisation plan..."

full conversion, not watered down conversion therefore no vote required... and at full convert you get BEPPA slaughtering the ords then being half diluted by the CSI for a controlling stake... nice for BEPPA holders IMO

Dis: holding BEPPA