cornerstone investor and their possible role, page-16

I think that its finally sunk in that its easier and cheaper to give BBI holders a view of the future thats better than at present and you have to avoid the Sparcs conversion.

All said and done I reckon it would cost far less than buying DBCT.

I however think that BBI holders are going to have to forget the "get rich quick" its NAV is story and look to the future value unlocking as the gearing drops and the banks get their vampire fangs cut off from its source of blood.

I will be glad and hopefully they consolidate the number of units to take out the small day traders as well. If this is trading at $3.00 plus than that's a lot of them but not all gone.

If there is one lesson I have learned over the past 2 years is that bankers prey on the weak and probably have the highest margins ever at the moment.

Speaking to a friend he informed me that they have had to write down an interest rate hedge even though the cost of new debt is higher than the all in package as the increase in margin the bank wants is outrageous. So they will just take the write down and take the hit.

Its amazing that accountants have devised all this fair value fair presentation yet the outcome is often meaningless reporting that has to be unpacked to understand value.

MQG do understand infrastructure but they have larger fangs than banks so I hope its not them behind this move and some genuine investor who can align all our objectives.

I only hold BEPPA as I saw more value there. maybe I was wrong.