Meh. I'm not exactly qualified to talk about satelites, but i think the best way to think about it is in terms of stack sizes relative to the blinds and not places from the bubble. I say this because the assumption that this theory is making is that our M is greater than 1 and the blinds are far away. I mean if no one at the table can complete a big blind then our b ratio doesnt matter and only our position relative to the bb does.