"The Sparcs cash debt becomes a liability, but is unable to be paid until the senior debt is satisfied. I don't think this liability will accrue interest and will not be converted to staple securities.
Therefore, lodging a conversion request for Sparcs becomes a risky proposition and takes away the right to interest. Thin of BNBG for those that held and you may find an answer."
Isn't inability to pay debts a trigger for insolvency? Are you seriously suggesting that BBI will call in the administrators ahead of other options at their disposal?
BBI Price at posting:
3.4¢ Sentiment: Sell Disclosure: Held
