article in the australian, page-3

I especially like the point that Directors of BBIPL (same Directors as BNB).....must have some expection that the outstanding debt to noteholders, would or could eventually be repaid. Otherwise BBIPL would now be trading insolvent......ie they can't pay their creditors.

However we have heard a number of times already, that noteholders will not be paid. This would mean Directors would be personally liable.

So why is BBIPL still trading.

Directors and bankers can come up with all the reasons in the world, why they do not want to shut down BBIPL...however Corporations Law is such, that if you can't pay your creditrs, then the company BBIPL should not be trading.

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Management....Larkin & Noseworth, why not make a decent offer to noteholders, so that you can move on and run the company for the bankers.