BNB babcock & brown limited

im for being paid intrest till the company is wound up and then...

  1. 17,745 Posts.
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    im for being paid intrest till the company is wound up and then nothing, If the company still runs then it has to meet its running costs which is intrest to the note holders,the longer it runs the more intrest is paid .Would that be what the banks are charging 20% for i think they know they got done there and want get the easy money and inflict there own pain on the company.700 million is alot of debt paid off! how would that work with the balance sheet of bnb? they cannot write it down while it still exists and the company would have alot bigger chances if they got 700 million of debt gone ?I wonder how much that 1% of bipl is now worth ? any gueses ? Be a bloody lot i rekon myself as it seems to be the key for the banks?
 
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