>There is nothing stopping the administrator keeping BBIP...

>There is nothing stopping the administrator keeping BBIP running to keep Mgmt fee flowing this can go on for years. The 20% retructuring cost will effectivly stop Note holders getting anything back

BBSN noteholders can shutdown BBIPL any time they like once the debt has been established under the BBIPL guarantee.

The trick is to shutdown all the subsidiaries.

This can be achieved, simply, by amalgamation of the 100% units and then the administration/liquidation of the consolidated entity.

It can also be achieved by director resolution to liquidate once the BBSN apppointed administration is in control of BNB.

BNB controls BBIPL; BBIPL controls the subsidiary.

WE CAN CAUSE THE HOUSE OF CARDS TO COLLAPSE - WE ARE RESOLVED TO DO THIS.

Administration and liquidation is the best bet we have to explore any litigation opportunity we may wish to explore. Keeping the farce in "suspended animation" only protects those whose actions need some scrutiny.

We have had the farce of the BBSN restructure - now we are focused on the BNB creditors meeting.