sparcs conversion at new date re sparcs shareholders who also hold bbi.
is my reading correct.
are sparcs shareholders accumulating bbi to hedge exposure and to to sell down in sparcs-bbi vwap setting periods in may 2010 & nov 2010
do sparcs shareholders know whether they are getting cash or scrip before the 20day sparcs-bbi vwap periods commences.
are not sparcs shareholders incentivised in 20 day bbi-sparcs conversion vwap periods in 2010 to sell down bbi to bbi prices below 17.5c but are not incentivised to sell down bbi from bbi above 17.5c to bbi = 17.5c.
own beppa only
BBI Price at posting:
4.0¢ Sentiment: ST Buy Disclosure: Held
