If the announcement ensures the survival of the company why would anyone sell BEPPA for 30cents, that is the question?
Unless there is a "forced" haircut (ie everyone BBI/BEPPA/ETC restructures or die) then BEPPA still has a face value of $1, the company has capital and has another 3 yrs to work out BEPPA.
So no I would not sell BEPPA for 30c. I would however sell my smaller holding in BBI for anything that gets close to the NAV after dilution so that could be say 20 to 30c
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