BNB babcock & brown limited

gone, page-19

  1. StatsMan
    1,600 Posts.
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    23/01/09
    10:05
    Post #: 4720790
    Surely they are just reiterating the fact that the company is in a negative equity position. This doesn't actually sound like anything new. I agree that it just sounds like they are preparing shareholders and noteholders for a really crappy deal.

    I don't think there is a way that the company could be restructured so that shareholders and noteholders are effectively removed from the equation without putting the company into administration is there?
    BNB Price at posting: 32.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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