michael west - business day, page-9

Below are transcript of 4 emails (2 from me 2 from Michael West, I have deleted my email address, but I wanted to show how if we inform them (the media) with the facts, they often respond. First email is at the bottom, last is just below.




On 20/11/2008, at 4:07 PM, Michael West wrote:

Of course - I have already adjusted my piece

-----Original Message-----
From: Rich
Sent: Thursday, November 20, 2008 4:07 PM
To: Michael West
Subject: Re: BBI

Would you mind if I share this on Hot Copper? Holders are very
frustrated that most media outlets are slating everything with B&B in
the name with the same brush. While that might be the case for some, BBI
only has to sell one more share of or full asset at or above book value
and the corporate debt will be cleared. They have shown they can do that
with the Powerco sale.

Let me know, cheers Richard

On 20/11/2008, at 3:56 PM, Michael West wrote:

Good call richard, will take that into account in next or revised
story

Tks and rgds
m

-----Original Message-----
From: Rich
Sent: Thursday, November 20, 2008 2:12 PM
To: Michael West
Subject: BBI

Hi Michael,

Was reading your article regarding BNB and I think it is worth noting
that BBI just sold 50% of Powerco in NZ for 25% above book value.
It is
also worth noting that there are no loans outstanding to BBI from BNB
and that BBI is a wholly owned independent company - hence no trading
halt.

All I am trying to show (and as a BBI shareholder) BBI is very
different to BNB.

BBI has high quality (and reasonably recession proof) assets, as I
mentioned before they have sold one of these assets at 25% above book
value, in an incredibly tough market.

Cheers Richard