Recent content by joe7068

They can't. furthermore I can't really see how they can screw over the BEEPA holders in a very big way without the unit holders walking away and letting it fall. see here: (approx numbers) current unit holdings 2.7 billion let's say we use a unit price of 3.5 cents. This means...

I don't see why they have to ask the BEPPA and SPARCS holders anything. If I were this pathetic and dishonest management and wanted to get the deal done to save my own skin i would get approval from the present shareholders and then move to covert the hybrids.

Okay… spent a little while working this out. If the significant investor comes up with $1.5 billion and the stock is trading at 6 cents he will end up with 1,500,000,00/.06 =25 billion shares. There are 780 million BEEPA’s and 146 million SPARCS requiring conversion at 6 cents which...

oops sorry, I missed the part where we agree. Sorry about that. I should have taken a little longer to read your entire comment

Am I understanding the announcement correctly? BBI says they will convert the BEEPA etc. into ordinary units and then let the new investor run right over the stock through dilution. Here's the thing though, I know these guys were never the smartest douchebags on the block, so of course...

That's a signature? Jeez Louise. I'm sure he's allowed to post, but it doesn't make it less annoying.

Tyson: Can you stop spamming the site with that really stupid quip. It wasn't funny the first time, nor is it funny the 100th time you've posted it. It's really annoying. :banghead:

BEEPA holders should sit tight and watch. Re-equitizing BBI will only make 100 cents in the dollar look more achievable. Don't fall for any tricks from these guys. The real problem for BBI is at the equity level which is dragging down the rest of the tranches. Do not accept anything less...

I can't really see how the noteholders walk away unscathed through this. With BEEPA trading at 16 odd cents why would the proposal avoid looking at the noteholders while slicing the balls off the unit holders through dilution. I can't see it happening like that. The noteholders will have to give...

This is pretty good news for Beppa investors I would think. However I wouldn't like to be a BBI holder as they will end up being skewered.

an insight in terms of inside information? no Of course not. I'm certain they don't have the money to buy a drink let alone BEPPA. There's no cash there.

I can't believe some of you guys actually think they will buy back BEEPA in order not to dilute the shareholders. This is ostrich like thinking. They don't have any money to be able to do that. The banks wouldn't lend them any money to do that. And please don't suggest they would as there isn't...