"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."
Whethere the deal gets voted in or out is irrelevant Nathan. Surely you must realise that? Misleading statements resulted in many BEPPA holders selling out early. It's about non-disclosure and statements a "reasonable" person would be misled by. BBI knew full well BEPPA was never going to be worth less than recent trading prices if the BAM proposal went ahead. Their statement was misleading. They said "may be less than recent trading prices and or less than face value". They did not distinguish between BEPPA and BBI and the proposal was very clear in that BBI would be worth $0.001c and BEPPA worth 43c of value including the unpaid interest. I wonder who bought all the BEPPA from 7c to 19c and why? Why the aggressive buying of BEPPA at prices well above recent trading prices, if there was a chance that BEPPA may be worth less than recent trading prices? Lots of questions to answer.
BBI Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held
