Hamill said at the last AGM that a vote to remove the manager would result in a BEPPA conversion being triggered. Now hands up any BBI holder who wants 780,000,000 BEPPAs converted to BBI at a price less than 10c?
Since that AGM, there was an announcement dealing with a change of control event. Whether that announcement would take care of the BEPPA issue under a scenario of "BBI holders voting for the removal" is perhaps another matter.
There are too many unanswered questions right now to be in BBI. BEPPA is a different matter as BEPPA holders actually own debt rather than equity.
BBI Price at posting:
7.2¢ Sentiment: None Disclosure: Held
