babcocks slippery slope, page-48

pcockley

everything is said was fact, no need to get personal, just debate your position

management has got to answer for the share prices of the funds, they sold people infrastructure investments with high yields and people are sitting on losses of ~75% of their capital, not sure how you think they don't have anything to answer for

the funds will find a way to extricate themselves from a non-performing, financially incompetent manager, the devil will be in the detail of the management agreements but bet your bottom dollar the funds will find a way out

their "best" talent, their employees are most likely already sending out their resumes to all the big banks because they are coming to realise they have no future at BNB

without new funds and a run on of existing funds BNB is all debt and dwindling cash flow; I'm not sure why the share price is not worse, then again there's always hysterical punters willing to buy in because they think it's a bargain, I don't see Phil topping up?