babcocks slippery slope, page-47

LP

if you have any facts please share them but leave the baseless comments out.

Apart from (and I admit a big one) the non cash write down what else has the bnb management got to answer (facts please)

SP as a barometer went out will alan bond, bankers look at CASH FLOW and ability to maintain CASH FLOW, not SP. (otherwise why would the banks have allowed the removal of the 7.50?)

your comment about "BNB doesn't have a business model without its funds which it has totally trashed so it doesn't have sustainable cash flows to pay pack the corporate debt facility" can you give me an example.

bnb doesn't own hard assets is acomment from someone who does not understand financial markets, the management contracts are HARD ASSETS! The same way IP is to walt disney, oracle, sony etc.

again please only comment on fact