bbi ordinary dividend unlikely in 2009, page-30

You cannot pay an ordinary dividend melua until the pref dividend arrears has been repaid. By the time we get to the end of 2009 that is 3 pref dividends that would have been deferred. That will be heading towards $100M of interest arrears. Banks will continue to block the pref dividends until the ship is righted again. Will take a very big asset sale to do that. Your APR plan is seriously flawed and very simplistic.

Getting agreement with your banks to do anything at present is purely a function of who those banks are. If any of them are European banks, they are going to play hardball with BBI to get their cash bank. They are under government directive to withdraw funding from areas outside of their local geographies. This is happening worldwide at present.