"a smart cornerstone investor ould invest now, get what they want from the company/assets, then convert the beppa in 3years."
Good luck finding a cornerstone investor that smart.
When someone bails out a company in trouble, they want all the loose ends tied down and everything in their favour. That's the way it goes.
AIN'T NOBODY GOING TO PUT MONEY INTO BBI WITH $700m OF CONVERTIBLES HANGING OVER THEM. NOBODY.
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