"significantly dilute existing shareholders, negatively impacting the value of equity" that line has been mentioned so many times in so many announcement.
D2E is a sure thing. I think there is 1% of BNB going in administration and 99% of D2E swap plan been accepted. Otherwise why would they keep on repeating the same line over and over again.
That being the case, BNBG value will rise for sure.
In no announcement have i seen the word administration mention anywhere, we all know that BNB is currently working with bankers on the D2E swap plan. Even if this proposal is not accepted, they will come up with a proposal that will be accepted.. the bank own BNB now. shares value are toasted, only notes hold some value now.
buy the notes and watch it rise, don't buy the shares.
BNB
babcock & brown limited
bnbg 6500 at $4.75, page-10
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