accounting lesson for beginners, page-29

Here is my synopsis of the current situation of BBI.

Income in the current Q3 will probably be well under assumptions
Income in Q4 will be at least 20% under assumption

Income to Q1 09 will be at least 20% under assumption

This of course, will wipe out any remaining shareholders equity.

Asset sales must be now be discounted to realise the reality of this, no good denying it, this is the reality, Dry Baltic Index is at ten year lows, transport and bulk loading facilities will suffer.

Welcome any views.