BNB babcock & brown limited

bookarelli pty.ltd, page-14

  1. 3,130 Posts.
    "i heard rumors, shareholders are getting 4 - 5 cents in the dollar. Not sure if it is true."


    How can shareholders can be paid 4-5 cents in the dollar? The shares do not have a face value like notes. So, This is enough to break the rumour.


    so, 4-5 cents in a dollar for the face value of bnb note should be intended by the rumour.


    Furthermore, as indicated by the liquidator in its last circular to bnb creditors, the liquidator suggested the liquidation of the company continue for some time after the planned distribution payment is made.

    Just my thoughts.

 
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