sparcs bbi vwap average

I expect we will see a run up in the BBI price (eg rumours, other announcements), and along with it greater volatility, whilst the SPARCS BBI VWAP average is being determined over the next few weeks.

This will reinforce with SPARCS holders the risk and generally lower value (higher BBI price) associated with conversion.

I assume the advisers are on some sort of success fee to get the SPARCS terms reset...But I am sure investment banks would never be the source of rumours to feather their own nest!

Perhaps this is why the management agreements were left out of the update today...that would be a good announcement to lift the price over the next week or so. We live in hope!