just think from the point of view that we ALL though Beppa were going to get screwed worse than they did. so perhaps even BBI werent aware how bad that would be?
Im pretty sure if BAM had decided on Beppa=20c, BBI would have went along with it. With the exception of RBS deal their is no alternative, regardless of the destruction of value.
I honestly wouldnt be surprised if the original BAM intention was for far less than 43c, but due to the RBS approach it was lifted. If they can show that, then they are in the clear on that specific announcement.
If you win it will be great, but i'd expect them to fight it all they way and not settle. becuase it will open the flood gates to others including myself to follow suit.
im also not sure if any legal action is premature? what if the deal gets voted down? then Beppa is definately worth less than market value of 15c(at the time). And who really knows if Beppa will be worth 43c after recap.
Goodluck all the same.
BBI Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held