"I agree that the SPARCS holders position is not that strong, but something half decent is going to have to be offered to get 75% approval in a meeting."
That something cannot involve them ending up with buckets of shares in a BBI with no future. The deal has to demonstrate a clear and profitable future for BBI for the BBI shares to be an acceptable payment in lieu of cash.
Ultimately the value of BBI will be a function of this offer to SPARCS and BEPPA. Much more palatable to these punters if the BBI price is set at 10c than 5c I reckon.
Just my opinion.
BBI Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held
