swap sparcs into the recap?, page-2

True dargie.
A rumour flying around Brisbane brokers today is that they are selling 49% of DBCT to the cornerstone investor and they will also raise an additional $1 billion via the cornerstone investor and instos in the form of a convertible note with a maturity date BEFORE 2012.

Let's hope ordinary holders do not get left out of any deal. BEPPA to remain as is. With a convertible note maturing before BEPPA, it stops any dilution concerns as the new investors will be diluting first. Time will tell.