wind clock forward to June 09:
BNB current Board and CEO gone
The banks have protected their exposure and essentially own majority of equity in the company
Shareholders have been severely diluted by a rights issue at circa $2, most of which taken up by the banks, converting debt to equity
asset selldown completed
BNB is a shadow of its former self
SUGGEST TAKE IT ON THE CHIN NOW AND GET OUT
BNB
babcock & brown limited
wind the clock forward
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