BBI babcock & brown infrastructure group

what we don't know can still beat us, page-8

  1. 4,510 Posts.
    Jonkey, I have just looked at the prospectus where you suggested to.

    They refer to the RESET DATE being 17 Nov 2009.

    The conversion notice gets sent out 6 months prior to this.

    My understanding is that in May, if you get your notice and select conversion on the Reset Date, then that date is 17 Nov 2009 when you get your money or your shares (or combination shares and money) or your bond rolled over.

    The shares, if issued, are at 2.5% discount to recent weighted average market price.

    Go back and read it again and see what you think, but I will still ring the company and ask them tomorrow.


 
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