I think people (including myself) did believe BBI was able to deal with its debt,through the sale of DBCT,and then some other assets,but its on to Plan B. That announcement was carefully worded to protect BBI management. What the terms of dilution will be if the deal goes ahead is anybody's guess.I hope your right nathanblack,i would do handsomely if beppa do that well in a restructure .
High risk ,some would say low reward,i am holding because i got into Beppa at a low price and i am prepared to see how this pans out,but i can fully understand someone taking a profit or a loss and getting out ,a lot of uncertainty and instability,as Buffett would say ' you pay a high price for a cheery consensus'
and orchidc 11, If i had one book to read on a desert island ,other than the collected works of Shakespeare,it would be Bertrand Russell's ' History of Western Philosophy'. Started reading it in my 20's and never stopped.
Cheers
BBI Price at posting:
6.1¢ Sentiment: ST Sell Disclosure: Not Held
