"It may be in BNB's interest to release the management rights at a reduced price, given the stock they hold."
Think this is a very important thing to think about in the overall scheme of things, what's in our best interests is also in theirs.
Currently they hold roughly $10,000,000 worth of BBI, in addition to whatever fee would be payable for the release of the management rights, they make a significant amount from the following increase in share price.
We actually do have reasonable leverage to be able to end our association with BNB and change back to Prime Infrastructure or whatever.
Progress is certainly being made, this announcement is very positive for both short term and long term investors, only a couple of weeks until the financials too.
- Forums
- ASX - By Stock
- bbi: proposal to internalise management of bbi
"It may be in BNB's interest to release the management rights at...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)