bnbg value, page-13

Hi
Who knows if there would be 103.5678 cents in the dollar on liquidation or 83.4567 c/$.

I'm a bond holder & I will not accept any deal that diminishes my $100 worth of debt. I'll take my chances that I should have folded, but I'm enjoying the oppourtunity to stare down the banks.
Shareholders think they are financial geniuses when their share price doubles & bond holders are mugs getting ONLY 8% pa.

The current bond price is only due to flakey sellers accepting the bids, it doesn't alter the fact BNB owe the bond holders $100, if BNB don't pay, they are the scumbags who borrowed off the bond holders on the basis that the VERY BEST EVER they could expect was 8%, vs Greedy shareholders that enjoyed paper & real big gains in the good times & thought bond holders were Nana conservative investors. Hopefully bond holders get the reward for their low risk (lol) low reward position. Bond holders had no upside above 8% pa so why do people talk about them taking a 50% haircut just to keep it alive for their equity distant cousins to get back some of their money,the equity money is 100% RISK & that's the way it has always been.

Debt is debt & equity has times in the sun & times in the dark.

Fascinating times.