offer banks 0.1c in the dollar, page-13

You are right i do not have the gee gees there but its possible that by getting the trustee to begin pulling its finger out the gee gees might very well be there as i am pretty sure there legal costs are not impared in anyway by doing so .Where i am looking at is this area of the prospectus .No restrictions The Trust Deed does not restrict BBIPL from entering into any transaction or from acquiring and
disposing of assets, entering into any borrowing, guarantee or indemnity and creating and issuing
further guarantees, loans or other equity or debt securities including securities or other indebtedness
ranking ahead of claims of Holders under the Guarantee, other than entering into any encumbrance in
its favour from Babcock & Brown, while the moneys owing under the Guarantee are still outstanding.Now to my way of thinking if bnb have taken on more debt when in a finacial stressed state and as being 99% holders of bbipl they have encumbered the ability of the guarantee to be able to return fair value to note holders or to meet its obligation to its guarantee.I appreciate your comments .