"It is is my understanding that SPARCS and BEPPA are equal in the pecking order."
A couple slight differences in the sparcs constitution regarding dividend payment and issueing of new securities make sparc rank slightly higher.
obviously the main thing is they mature in november, so in that sense they recieve there $1 before beppa see theres. either in BBI shares or cash.
massive wall being built, page-29
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