here reply to enquiries to bnb, page-14

or blackrivered, there just might not be enough left over after the banks have sold everything for anything to be paid to bnbg holders, that would mean nothing is done to holders rights, just that there'll be nothing left over so they'll be worth nothing.

who knows, its still being worked on. this is a quote from the Australian - checkout the last line

"Which is more than can be said for Babcock & Brown, which reminded the market today that equity, once worth more than $8.4 billion, is now worth zero.

If the company re-lists on the bourse it will be for compliance reasons only, and all eyes await to see whether the banks, led by Deutsche, will agree a debt-for-equity swap on their $3.5 billion in loans.

The odds still favour some sort agreed workout rather than formal receivership"