bnbg - looking to the future..., page-3

Hi Dogby,

thanks for your completely useless reply - maybe try actually putting forward some sort of useful insight rather than just being sarcastic.

In light of the lastest news from bloomberg and as far as I can see, absolutely nothing has changed for BNBG over the last few weeks except for the fact that it now looks like BNB will survive. We have known for a number of weeks (and prior to suspension I might add) that BNB most likely had negative equity - so nothing has changed there. The debt for equity deal looks entirely positive for BNBG holders - i.e. the company will survive and BNBGs remain albeit with no interest being paid in the short to medium term. The banks will transfer their loans to perpetual notes which are effectively "pay if you can" notes so that the debt situation is improved and the company can restructure to try and become more profitable. If noteholders are prepared to wait for the proposed restructure to play out then some assets will be sold and others will eventually rise in value again. This will return equity to the company, capital via the management contracts and noteholders may be rewarded for their patience.

Given that I was happy to hold BNBGs a few weeks ago (that I paid $4) and nothing has really changed except that it looks likely that BNB will survive, why wouldn't I think about buying more BNBGs?