your right that they could convert at face value, avoid the vote, etc. if that happens Beppa holders are likely to make a profit, how big i dont know, but not much i would guess.
im more thinking along the lines that they may offer a less generous conversion, like 5:1 or 10:1, which will keep more value intact for all holders new and old.
if they did that, i would guess they will get significant acceptors and they may be willing to let the rest exist until better times.
i agree (not so much about day traders) that the volumes are too low for insto atm, if you average out the total value or total volume by the number of trades(a rough calculation) you get very small parcels that are most likely small time speculators.
but alot of people are willing to take small holding in BBI, maybe they are just totally wrong, or they are hoping for a right entitlement, but for now im willing to accept that i may or may not be missing something.
BBI Price at posting:
5.3¢ Sentiment: None Disclosure: Not Held
