sparcs noteholders meeting, page-19

I think we will see some heavy shorting of BBI by some of the bigger SPARCS holders who converted SPARCS into BBI.
If you were a "converter", it would make sense to short BBI first thing Monday morning at 9c and lock that price in. When you are issued with your new BBI securities you can cover your short with them.
It all depends on how desperate the SPARCS converters are to liquidate their BBI securities. If the majority of them are keen, then we have a 250M overhang. That may take a couple of weeks to clear if recent volumes are a guide.
It's a potential short term negative for the BBI price but the sale of DBCT is still the main game.