The BNB Cruise liner has sunk taking all the passengers down (shareholders).
The Life rafts have been filled with Owners and Note holders, but they also are starting to leak.
But wait, if the note holders start bailing out the life rafts there may be time for the rescue chopper to save some the bankers.
I do not hold any BNB.
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BNB
babcock & brown limited
liquidation of bbipl, page-5
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REDCASTLE RESOURCES LIMITED
Ron Miller, Non-Executive Director
Ron Miller
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