Copanies will go under only if there is default on loan and administor called in by debtor. In that case, Normally s/h will have nothing left Especially for highly leveraged company like bbi, while debt holder will try to recover their losses through asset sale.
I would only say, the huge value for potential conerstone investor, not existing s/h. Existing S/H will be wiped out if the deal pass through. If the deal failed, what is the impact? I think it is clear
Luckily , sold all my Beppa at 0.12 on fri.
Wont touch this share until everything is clear, either the deal lapsed or every existing s/h get diluted.
IMO, this deal will not get through. anyway, either results are negative.
think the 30th June report will not be impressive. No doubt BBI sp will be harmed, but Beppa will be affected as well.
I am holding Beppa for long term
it seems there is some support at $0.14
By the way, just a silly question.
If BBI falls, Is Beppa going to be calculated based on its face value $1+interest or simply just the market price.
Because even it is some fraction of $1, it will still much better than its current market price...
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