eMark,
BNB is in trading halt. While most said they are dead it's not over to the fat lady sings. Remember when you posted and asked me what did I think of the BNB announcement.
Well, I thought about it twice and decided to read it. My take is that they wanted to create two companies, as I put it simply one with all the crappy assets and one with all the strong assets.
The strong company has the best infastructure assets (funny that). I think very cleverly they have listed oversea type infastructure as non-core and for sale and Australian Infastructure as core.
The problem is the banks altering their security to allow the restructure. I don't deal in fantasies but Australian Infastructure assets at risk with a Federal Political Party saying they want to build Australia. May be a case of put up or shut up pressure.
Don't really know, but appears clever to me.
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