BBI babcock & brown infrastructure group

this is all hypotheticalmy thought is that 75% of beppa holders...

  1. 263 Posts.
    this is all hypothetical

    my thought is that 75% of beppa holders by beppa holding will not vote to accept est. 43 cents in the dollar for beppa debt, which the directors of bbi are virtually saying cannot be paid out in full.( whilst the kiwi sparcs debt can be paid out in full in est. 12 months time)

    disclosure of detail so as to make a fully informed decision to date is incomplete.

    cannot understand how directors and executives snouts are lining up to the trough (and equity (bbi) is to collect even 1 cent which ranks behind debt) are collecting before the beppa debt is paid out in full.

    am surprised the chairman, a former queensland treasurer is putting priority to repay all beppa debt behind payouts to the boyos and the equity (bbi) holders. - surely he is not ignorant of this basic principal.

    beppa only
 
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