I was reading today on AFR that the major obstacle to sign off the banks rescue plan for BNB is the senior management packages. They're talking about remuneration of senior management and retain packages for 200 employees...at this stage it seems to me like BNB has a much better chance of survival than I thought. The question will be how much the sp will be affected by the D2E. I believe that even when they're not giving anything for granted, they're suggesting a long term approach with sp diluted (probably in between 15c and 25c as starting point). For holders not in a hurry to sell off, they can seat and wait, they will be plenty of ups and downs (technicals, fundamentals and suckers). Good luck to all
BNB Price at posting:
32.5¢ Sentiment: None Disclosure: Not Held
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