I believe that BBI could easily trade >50c in a couple of years time as long as the BBIs weren't likely to be heavily diluted. They wouldn't be heavily diluted as long as BBI are trading at >50c. BBI are on the wrong side of a conundrum.
I am sure the market won't look purely at fundamentals as reset/conversion approaches, it will look as the chances of being diltued and hence the price will react accordingly - and yes this process just feeds on itself.
OR....
The company can assure people that Beppa conversion won't happen through appropriate asset sales etc. I think that is quite likely by 2012. BBI can easily trade over 50c in that case.
OR...
Just by Beppa and stop worrying so much. (as you have).
BBI Price at posting:
7.6¢ Sentiment: LT Buy Disclosure: Held
