BBI babcock & brown infrastructure group

i agree with your interpretation. because converting at face...

  1. 7,746 Posts.
    i agree with your interpretation. because converting at face value requires no vote. but who would buy sparcs for 50c when you get same exposure from beppa at 10c?

    those 14BBI will not return 50c, but COULD return 10c. add to that the other interpretation, ie they will convert at less than face value(ie less than 14BBI) and i just cant believe anyone would buy a sparc now.

    SHAFTED
 
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