You probably won't see this because youve got me on ignore, but good post.
The real question for Beppa holders is:
1. Do I try and wait for 2012 and when it is likely that ords holders will be diluted out and thus all value will belong to Beppa holder? Riksy IMHO. Might not make it to 2012 with a positive (or any) NAV.
2. Do I accept some dilution of conversion rights (lets call it that), i.e. no longer have the ability to wipe out the ords holders in exchanged for a _promised_ injection of capital.
I would take number 2, but only if there is a guaranteed injection of fresh capital as part of the deal. That is, I would take number 2. if it significantly increases my chances of seeing my circa $1.
If DBCT sells for a very good price, I may stick with 1., because I think that will be my best outcome.
BBI Price at posting:
9.0¢ Sentiment: None Disclosure: Held
