Ann: Recapitalisation Update , page-16

Third silent player at the table.

Fantastic outcome in the hands of the healthy banks and if they'll refinance.

If Management are worth the money BBI holders are paying them.

They'll write too the healthy banks in the syndicate and state.

That unless they get refinancing at lower interest rates over longer period.

Removal of the sweep and

a guarantee to refinance hybrid holders , for full pay out including interests, when and if required.

Than management has no viable option than too put the company in VA.

Let the healthy banks fight it out for a 50% return of their capital with the unhealthy banks.

As a BBI holder I'll take the 100% tax write off.

And pleasure of watching the greedy banks lose their money too.