Not sure if anyone has already mentioned this - and correct me if my logic is flawed.
1 - they send out the notice requesting a decision from the SPARCS holders - due date 27th MAR
2 - they then advise all BBI holders on the 28th MAR what % SPEARC holders have requested conversion.
3 - Then the average BBI share price is taken over the following 20 days.
My point being that if we are notified that 100% of the people want conversion, do you not think that it will mean that BBI's SP will hit an all time low 1 - 2 c, and then the dilution will be incredible.
Have I got this right?
Not sure if anyone has already mentioned this - and correct me...
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