BNB babcock & brown limited

she is not dead doctors are trying to fix her, page-17

  1. 8,028 Posts.
    Hi Eternit,

    They have debts, they have assets, asset has sticker price, people want to pay fire sale price, bank won't give credit to anyone, assets worth less than debt. There are 25 lenders, you just need one to say "I've had enough, I don't even have enough money for myself, I want my money back now!" BNB goes V.A.
    Last week trading was a game of passing the hand grenade, we've got caught.

    Don't get wrong, it is still 50:50, maybe all 25 lenders will agree with D2E and BNB survives but at the expense of us (share holders). Eternit, may God have mercy on our BNB.
 
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