My read is that it is in fact positive if BNB fails, because it will allow BBP to internalise the management and end the fee payments to BNB. It would also allow them to change name and remove the Bacbock and Brown, that would instantly provide a gain for shareholders. The BNB loan repayments will not change i.e. Sept 09 and January 2010 and the receiver of BNB would simply have to wait for these funds
bbp is on the move taking off, page-46
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