another interesting read, page-8

>Harry 101...its NOT BBI....but BBIPL

Harry101 is not commenting on Babcock & Brown Infrastructure. He is talking about Babcock & Brown International. BBIntl is not listed.

BBIntl is owed about $200k (max) by BNB.

*sheesh* - what BBI investors do not understand is that precisely the same tricks the Banking Consortium used against BNB can be repeated with BBI.

I agree, the corporate debt profile is less ... but do you really know what the banking covenants are in terms of market capitalisation minimum requirements?