34% elected to convert in May. With the official reset maturity in November, most investors would have this date earmarked. People have been holding SPARCS for years. If 34% elected to convert in May, I would think the November figure would be closer to 80%. In my opinion, they will convert and then sell BBI asap so as to get close to their initial investment back. I looked today and there are only 3762 units for sale at 49.267c. No liquidity whatsoever.
BBI Price at posting:
6.1¢ Sentiment: LT Buy Disclosure: Held