SUMMARY:1. dont panic2. dbct $700mil above book will cover...

SUMMARY:
1. dont panic
2. dbct $700mil above book will cover sparcs dilution
3. beppa can convert successfuly at any time
4. the converion ratio needs to be fair
5. fair = lower than most are contemplating
6. doesnt rely on high nav being unevenly distributed, with lionshare going to beppa, followed by new investor, leaving BBI with no nav for future growth of sp
7. debt reduction from freecash flows
8. revalue european assets up inline with improved economy
9. maximise shareholder wealth
10. plan, execute and communicate above

if BBI wanted to play hardball, they would throw some numbers out there regarding beppa conversion. im sure if they came out tomorow and said we are offering 2BBI per beppa that would be reflected in beppa sp pretty quick smart.

End of topic ;)

Hope i havent offended anyone with my views. Have a great night and GO DOGGIES!!!