new afr street talk artice out- 3/05/2013, page-13

I wonder how much of a kickback the AFR reporter must be getting from Sycamore. The board have been squeezed into a corner and are no less mushrooms as us shareholders. I think they would be happy to even an ink a deal at 50c.

A rights issue can only happen if Gordon Merchant is diluted. He couldn't cough up all the money for the previous rights issue so he surely can't cough up any more for another rights issue. However a rights issue is in the interests of all other holders. Whose interest will the board serve? Gordon who is partly the reason why BBG is in this mess, or the rest of the holders? The takeover at 60c best protects Gordon's interests and conserves the upside for him.