If there is change of control, BBI can redeem BEPPA which would wipe out equity of BBI (as $800 million divided by say 10 cents means there would be 8 billion BBI shares issued. Frightening! Why anybody would want to buy BBI is beyond me. Though I think BEPPA is a buy , the above risk is still there for BEPPA holders as they liquidate their BBI shares received after change of control.
If no change of control, BEPPA are a great buy showing more than 200% PER ANNUM return to July 2012 (I suggest you won't get this with BBI)
BBI Price at posting:
9.0¢ Sentiment: LT Buy Disclosure: Held
