Hi,
If BBI survives, then Beppas are due to be paid out in 2012.
Conversion[$1] is at a ?7.5% discount plus any unpaid dividends.
No divis can be paid out of BBI until arrears on Beppas are paid.
BBI probably needs to go to $1.20 before 2012 to match.
If they are under that[even if BBI's dividend is higher] you still end up with more money or more BBI's
Holding both, been too lazy to change
beppa is off for a run, page-5
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