Hi Melua,You are obviously very passionate about BBI and its...

Hi Melua,

You are obviously very passionate about BBI and its potential. As most who have read my posts I share you view and for many of the same reasons.

Firstly I appreciate your cander and willingness to share information and views. However, I do have reservations about using terms such as "once in a lifetime" and "brave". There are a significant number of people who have lost much in this bear and are searching for hope. I think emotive language may unduly influence them.

What I know is that to some people a $1,000 or less is more than they can afford to lose. Some people can lose millions and laugh it off. Everything is relative, but to lose what you cannot afford is damaging, sometimes not only financially.

There is a real risk that BBI could fall over regardless of what you and I believe. That is why there is a big premium (as well as panic and fear)on the risk/reward pay off.

My take (I belive justifiable in terms of information I have posted) is that a number of condition precedents need to be passed for this premium to be realised:

1. Sale of 1 or 2 assets at book or above
2. No premature conversion event for Beppa as previuosly discussed.
3. Ability to refinance debt on suitable terms as required.
4. Restructure and simplification of the business structure to make its dealings and valuations more transparent.

Both you and I (judging by your posts) believe this will happen. However, there are real risks that they don't, however small we consider them to be.

Whether a person takes 700, 700,000 or 7,000,000 they need to do there research, understand what they are investing in, what the risks are and way them up against the rewards. I believe along the way resolve may be tested by shorters, traders and external events (economic data, DOW). Unless the basis and paramters of the investment decision are sound, it is possible incorrect decisions will be made and investment potential diminished.

There is no need for anyone to be "brave" but "informed". They will forever feel the fool if they took the word of faceless men on the internet and lost. It may be "
crazy" for people to make an investment decision on that basis, but remember fear, panic and hope can lead to irrational decisions not just to sell but to buy.

I believe that if a person makes an informed decision based by weighing up the views of all (bulls, bears and indifferent)on this forum (I do not have any special information), tie it back to the publicly available information and their own circumstaces (i.e. affordability), if any loss occurs they will take it far easier. It easier to accept a loss if you were in control of the decision and have the responsibility for it.

The good part is if you get the reward, you can pat yourself on the back, be doubly as proud because you did it yourself. Not only will you be wealthier but master of your own destiny.

So whatever people decide I wish them the best. Also to me "the channce of a lifetime" was snagging my Mrs. Some things are more important than money.