The problem is Becton want to recapitalise, they told the market...

The problem is Becton want to recapitalise, they told the market that. And Directors interests are not aligned with shareholders as they do not own enough shares (Matthew with ~$1500), their interests are in getting their $500,000+ p.a. salaries.

So if things do pick up and value is returned to the balance sheet through revaluations the first thing they are going to do is to recapitalise, most likely at a discount to the current market price. I maintain that Becton ordinaries are not worth buying until after a recap has been priced and completed.

I did notice that comment on note interest Ferryman, I think it was a ploy intended to scare noteholders and make them think they got a good deal when they really got royally screwed. Made it easier to get the vote through the first time.