beppa holders will acquire two interests , page-3

thanks rosy

we do not yet know, though i doubt mostly that the very large Beppa holders will settle for only being able to transfer in the event of death, particularly where most are corporate holders

the further term of "by operation of law" could facilitate the transfer of the interest as a corporate holder in the event the holder is bought or liquidated, though again this would place an undue limitation on an interest that in principle is meant to provide holders with the opportunity for gaining the (once!) full $1 dollar owed to them

no, i believe we should expect to see further detail entitling owners of this interest in any possible surplus the right to sell that interest, even though the quantum of that interest has yet to crystalise

true, there may very well be no surplus to disperse in due course, but given the 3 year time frame for clawing back value into the assets, then there exists the real possibility of a surplus to be dispersed in time, therefore this interest is worth as much as the best financial minds are prepared to pay for it

good luck