BNB babcock & brown limited

could hit a dollar, page-8

  1. 4,427 Posts.
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    Agree Swap, I too hold BNBG. Why buy the shares when you can by the notes. Notes have priority before shareholders, also if there is a debt to equity swap which is most likely. Then the $4 notes will be converted at face value of $100, or at the least 50% discount which is $50. That’s an increase of 10 times if debt for equity swap at 50% discount or 25 times the current price if notes mature. Note holders hold the upper hand regardless.
 
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Currently unlisted public company.

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