Just thought I'd chime in. I hold no stock but I do believe you need to approach these announcements with a little finesse and an "thinking outside the square" attitude.
The crux of teh announcement is saying that as at end 2008 there was negative net assets. It is also saying that whatever discussions have taken place TO DATE with bankers etc. leaves no vlaue for existing shareolders.
In other words they are announcing to the market that their Bankers are trying to screw them and screw them hard. Thus, by implication, BNB Managemetn are also conceding that further discussions are warranted and are taking place as yet another alternative plan/agreement needs to be reached.
I am intrigued by all of this, I have to say.
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