Have just read the announcement....i find it hard to believe.How...

Have just read the announcement....i find it hard to believe.

How is it in BBI ord shareholders interests if sparcs is converted into BBI shares at potentially massive dilution for a measly 146 million NZD??? this would have to say that managers have been working with the banks to make sure all corporate debt is payed before paying off sparcs.

Is there ANY way to stop dilution other than sparcs holders electing to continue with the new conditions??

this is unacceptable .....v disappointed in management, i actually had faith in them

we need asset sales to sell down all corporate debt ASAP and Hamill needs to do everything in his power to ensure that this conversion doesn't take place

holding all beppa now