bbi eps limited, page-35

This makes sense of the comment of the DUE CEO at their results presentation when an analyst asked if DUE had been offered the Multinet asset that BBI owned. He said they were interested but hadnt been offered it, presumably because BBI would not be able to upstream any of the proceeds without replacing it with a similar asset or directors face being sued. Hence they try to sell unencumbered assets such as DBCT Given the quality of the assets and that there are willing buyers , it makes you wonder why a director of BBI EPS could possibly approve a transaction that results in BEPPA holders accepting less than a minimal haircut(or for that matter why any BEPPA holder would approve it if there is a vote)