petrochemical fyi, page-6

GPG took a cheap punt like everyone else. They are no gurus.
Look, the facts are there are no buyers for BBP assets as they stand now (watch the vultures circle when the administrator/liquidator steps in). They owe the mothership $400M and the banks are not going to extend indefinitely.
The banks could not give two hoots about equity holders. They simply want their money. Time is not on BBP's side.