prospects for bnbg's, page-20

smartinvetor22,

the perpetual note arrangement isn't really that different to the current arrangement of "pay if you can" that the banks arranged for BNB. I don't see how this scheme will change anything for the BNBG noteholders.

Also, if at the reset date, holders elect to take shares at the face value of their notes, these will only be valueless if the market is placing zero value on the shares (similar to what happened with the BrisConnections last year). If the shares are still trading though for 1c, 2c or whatever, exchanging for shares and then selling them on market immediately may be a good exit strategy.

StatsMan