Ann: Notice of Meeting of Noteholders , page-13

Yes you are right they are a joke. I wonder of any of the directors are willing to accpet 0.1% of their previous salary as their new salary.

Why would the note holders go for 0.1% when the directors are still getting their lofty pay packets. Send them into Administration. You have a beeter chance there of getting more than 0.1%.

The dirrectors state (in their opinion) there might not be any value left. That is a load of crap. The reason they state this is so that BNB doesn't go into administration and so that they don't lose their mega slaries.