unit holders need to above issuing new cap?, page-9

Investorpaul, the CSI is better off accumulating BEPPA at market, and they don't even have to announce an ASX substantial holder notice when > 5%.

IMHO, the dilution of EPS alone will bring the 20 VWAP BBI SP <1c.

BEPPA and/or SPARCS will then have all the votes, until CSI does the recap.

It's all about timing.
If they do the BEPPA dilution in October, and then the SPARCS in November, then the SPARCS wipe out BBI and BEPPA.

If they do the SPARCS dilution in November and then BEPPA in December, then BEPPA wipes out all BBI and SPARCS.

If the do SPARCS & BEPPA dilution together, both will wipe out BBI.

Guess what, BBI gets wiped out in all scenarios, so why is it still trading circa 6c ?

Last man standing wins most, and at this stage is likely to be the CSI depending on the BBI vote.

Dis: BEPPA only but less than last week due to uncertainty