looks like people are bailing , page-2

This could mean up to 1 Billion new BBI shares or $75 Million cash payment ?? (or some mix of the above)
It seems the 26th of March is a very important date
for BBINZ SPARCS

Under the terms of the BBI NZ SPARCS:
a.
All Holders have the ability to request conversion of 50% of their holdings on 17 May 2009, by lodging a Conversion Request with BBINNZ by 26 March 2009; and
b.
Holders have the ability to request conversion of any remaining balance of their holdings on 17 November 2009, by lodging a Conversion Request with BBINNZ by 28 September 2009.
Upon receipt of a Conversion Request, BBINNZ has three options:
•
to exchange (for BBI Stapled Securities, where the price is calculated by reference to a 20 day VWAP);