IMO, and as been mentioned previously, I would think that the trading halt definately petains to a renegotiation of the agreed sale value of Powerco...everything has gotten cheaper, and quality assets are up for sale all over the place...to boot, BBI needs the proceeds and as such are not really in a position of strength in any negotiations.
Not that it's much of a buffer, but I am a little happier in knowing that I chose the slightly safer option in BEPPA and only a small portion at that, and not BBI...if BBI goes belly up, at least I will be a little higher in the food chain...still probably end up with the same return though, zero, much like the BNB noteholders.
BBI Price at posting:
6.8¢ Sentiment: None Disclosure: Not Held