BFKAH, I'm curious. When you say you are advising clients to stay clear of this, does that mean you are advising them in a financial capacity?
My two cents on this debacle (or 105 cents as it may be on close) is this....
It's too tempting to ignore, but too dangerous to fall in love with.
As such, I did what I had to, in order to satisfy my need to bag a 20 bagger in my lifetime.
I bought 1000 shares of their preferreds. If they go bust, I might get 10 percent of my money back. If they turn the corner and survive, thats a 10 bagger to start. Meanwhile I can hope for a dividend!!!!
But I am not optimistic, just a mad punter.
BNB
babcock & brown limited
