proposal, page-25

For what it's worth, this is how BBI ended up:

Ordinary shareholders opted for massive dilution and 4c a unit

Holders of a BBI debt instrument, BBI exchangeable preference shares, will receive 43c a unit in the form of a 6c dividend and a conversion into equity in the company.

So in summary BBI ords at 4c (ie something) so they could get a vote through and BBI SPS at 43c on $1 face value.

VOTE QUESTION

Does someone know what (if any) actual voting rights PXUPA holders have and on what issues?