We were getting zip anyway. Need the administrator to take control of BBIPL, as BNB is the major shareholder and get rid of Larkin and CO (no money in it but would be sweet).
The announcement is rubbish that there was any value for noteholders or shareholders from a restructure. Read the original announcement and they told you it was worth nothing, but they would keep their paychecks.
I held a small number of notes as a punt, but feel sorry for those who lost much more than my insinificant amount.
Cheers
BNB
babcock & brown limited
