towie,
The reason BEPPA is trading so low has nothing to do with the fact they will dilute BBI, rather, it is due to the cornerstone investor diluting BBI(after BEPPA has converted to BBI).
BEPPA will be no better off than BBI after BEPPA convert. On that basis, I expect both BBI and BEPPA to trade down further and BEPPA should start to get closer and closer to the BBI price.
If BBI hit their low of 2.4c, I would be surprised if BEPPA were not under their all time low of 4c.
You are certainly a glass half full person but I really hope you don't lose too much in this play now.
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