RE:watched the bnnProbably is a done deal since he likely knows that large shareholders like himself will vote yes. Question I have is why? Only answer I get is they'll get cheap shares too.... conspiracy theorist in me would guess there'll be a fully subscribed pp not too long after some crappy fins and approval of the debenture conversion at a low price. People in pp happy, debenture holders happy, everyone else takes it on the chin with significant dilution. Take it a step further and I also bet we see the short position disappear after pp like this closes ..... Hope I'm wrong, but if I'm right I will have lost a lot of respect for BYL.
That all said.... on a positive note, none of this would be happening if there wasn't tremendous potential just around the corner. I'm going to keep holding for that. Of course, I could be completely off base with my pp prediction.... maybe fins won't move the price and conversion will be higher than expected, and maybe there'll be no pp. It will be interesting to look back six months from now.