My concern would be that legally what they say is correct. they subsequently recieved binding bids for 100% sale of DBCT, but due to tax and other considerations(including the purchase price) these offers were knocked back.
Also they will no doubt claim that the partial sale to BAM is/was the binding bid that they were refering to in that announcement.
the board is dumb in some aspects, ie turning a asx200 company into nothing, but they are smart in selective choice of language. being vauge allows them to talk their way out of most things. is being vauge a crime as far as continuous disclosure? maybe asx would have needed to ask for clarification to make that stick.
and now BBI will be an asx200 company again, probably even asx100. so they do alot wrong but also alot right.
BBI Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held
