On the basis that company cannot go on as they are with security...

On the basis that company cannot go on as they are with security holders and BEPPA holders being strangled/crippled, some sort of restructure will happen in my opinion. Whether it be similar to the one I have outlined or something different time will tell but it does have to happen.
On the proviso it does happen after DBCT is sold, I would rate both BBI and BEPPA long term buys at current prices.

I have yet to close out my short on BBI but will be in the short term.