>Legally, The banks & directors have done nothing wrong.
Do the directors not have to act in the best interest of their shareholders and have they done this? Have they also meet the continuous disclosure requirements?
They make the offer of 10c a note so noteholders 'can claim the loss' but what about the shareholders? If they consider claiming the loss important should they not do all they can to allow shareholders to do the same. Would this not be all over quicker if they put the company into administration?
BNB
babcock & brown limited
