Bring it on....the article questions the claim that if the recap gets voted down there is no choice but administration......
This claim has always been highly dubious.
A refinance in the current environment makes a lot more sense. BAM can however rejig the deal delivering a better outcome for BBI ords. They better move fast though because a NO vote on Monday is a total waste of resources.
No forced conversion of BEPPA might be an option.
BBI Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held