is this a big joke?, page-30

What is the last thing management want??

To go into VA. Why? Because their futures are NOT secure.

So, how does the company avoid VA?

a) Actually sell an asset. (unlikely now as stated)
b) Keep CI interested and provide a workable deal.

Now - If BEPPA holders are going to get 3/5th's of a banana sandwich in the event of a triple witching, what possible reason do BEPPA holders have for voting for conversion.

If they vote down the conversion, even with a gun to their head, hypothetically they are no worse off. So, management in all their wisdom,have to keep the SParcs/Beppa's etc interested. Otherwise they don't care.

As I said before, the last thing management wants is VA so the bottom line is they have to convince the CI to offer some sort of deal that is favourable to the HYBRID holders.

So in a paradoxical way, lo and behold, management have to fight for the HYBRID holders.

Hybrid holders could well get a bit more than they think??????

I hold a very small Beppa pos.