beppa used to have priority over the kiwi sparcs in that the...

beppa used to have priority over the kiwi sparcs in that the sparcs were to be convert from sparcs debt to "worthless bbi" equity before the beppa converted, and the funds would have been available to pay extra to beppa holders.

now the kiwi sparcs have leapfrooged the beppas in potential return and look to get 100 cents in the dollar, not the est 43c plus a little which is being offered to beppa.

beppa only