poll yes or no, page-3

Agree with both above posts.

I'm a NO based on PIH value being gifted to BIP.

If shares sink then I'll buy some more :)

In terms of the offer, if my sums are correct then

BIP at $19 USD x 0.24 (per PIH) = $4.56 USD / PIH

$4.56 USD / 0.96 (exch rate) = $4.75 / AUD

so getting close to $5.08

NOTE: If/when exch rate lowers then better value for PIH holders....so if convert now then a potential 10% windfall if exch rate at 0.85.....which gets to $5.08 +

This aspect sounds attractive but I would conside it fair if we received $5.08 AUD equivalent now with the beneifit of any exch rate decrease to us as repayment for pain and sufferring!! (particularly ex BEPPA holders)

An aspect I haven't allowed for is potential dilution of BIP from PIH conversions (~ 12% of the BIP on issue).

Reason is that PIH will be bringing value to business so call it square.

Any comments on my analysis and views appreciated.