Did anyone see the 7.30 Report on the ABS this evening?
They had some analyst saying it was ridiclious that BNB can have such a agreement BBP to manage there asset for 25 years, considering such a bad job they have done over the past year.
He say if BBP want to remove BNB the have to payout the lost fees to BNB for the remaining years.
Just wondering if BBP was taken over, will the acquirer still have to honour BNB agreement or worse case pay out the remaining managememnt fess.
What will happen if BNB went bankrupt what will happen to all it satellite funds and aggreement.
Any thoughs?
7.30 report
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