it has always been patently obvious to me htran that this is simply too damaging for the banks to let it go.
However, people have failed to grasp the concept (despite numerous examples) that the banks have absolutely no regard for ordinary shareholders as this group have virtually no rights in this situation.
However, noteholders, whilst still being in a precarious position, do have some rights under the trust deed and the company's survival and the banks wish to keep the company going will see some sort of deal being offered to the noteholders.
Boy of boy this is interesting.
BNB
babcock & brown limited
