bnbg, page-38

Hi dargie,

just wondering what you mean by "I could not (at a guess) see BNBG holders getting more than 3 or 4 shares". Are you suggesting that the debt for equity swap will swap each BNBG note for 3 or 4 shares? If this is the case, I would have to strongly disagree with you. Such a swap would only value the notes at less than $1 at the current share price, which is absurd. Note holders would rather let the company go into administration than accept $1 for every $100 of debt they are owed. Note holders should receive far more than $1 per note if the company was sold off to repay debts. I could be wrong though, I'd be interested to hear your reasoning being the 3-4 shares per note valuation.

Cheers,

StatsMan