I don't hold these shares. But standing back you would have thought these Directors, when making the fateful announcement, could have squeezed out an apology to their shareholders who have done their dough cold as a direct result of their greed, stupidity, arrogance and incompetence.
They have understated the total position also.
They meant to say, this company of yours in seriously insolvent. The banks can convert, swap, do what they like but they will take an absolute bath. Why, coz these merchant bankers (w*****s) all have the same DNA as macquaries boys have. A addictive need to overstate the value of assets to get more fees. And yep forget it noteholders, its finished.
ASIC you are as weak as p***.
Move on boys.
BNB
babcock & brown limited
