seems to me there's one small embarrassment calculating future BBI prospects - though I'm no BBI expert - even assuming it continues to stay afloat through its debt burdens and presuming it sells off assets to meet those obligations..... it still has nearly 3 billion shares!and they aren't going away ever - so if it has to flog half its assets those sales simply erode shareholder value through the hugely irresponsible issue of so many shares...
some people think the number of shares on issue don't count for much - I'm not in that camp.... this massive share register will cripple BBI forever - so to my way of thinking BBI will remain a trading stock. I'll be taking small gains as it periodically comes into favour and selling into rises - hoping for returns to earlier sp glory just isn't on the horizon in my book....
BBI Price at posting:
7.9¢ Sentiment: Hold Disclosure: Held