journos cause a run on the bank

Michael west, stephen Mayne, allan kohler are to blame

they created a situation a bit similar to the old run on the banks

banks lends out about 90% of deposits

BNB is a bit similar in that it has $12bn of assets
$10bn of debt
$10bn of equity

those journalists mentioned hyped up price covenant, questioned the model and created intense parnoia amongst investors forcing them to exit on mass.

It was a bit like what happens when you get a run on the banks. Instead of people lining up to get their deposits, people were lined up to sell their shares.

BNB is like a bank. Once people lose confidence in the lending policy that's the finish.

Unless there is good reason for spreading this paranoia, I believe all those journalists and the organisations they work for should be made to account for investor loses.