I think of greater importance is the Euroports deal closing in 3 weeks. I would suggest that if CP (conditions precedent) are still not met by June 30 and the buyers walk away, you will not have to worry about SPARCS sellers. There will be a new wave of sellers and I would suggest they would be in large numbers. This Euroports deal is absolutely critical to BBI. They need it to satisfy the put option holders and for the guarantee they gave BBI Euroports on the 30M Euro deposit that needs to be refunded.
BBI Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held