BNB babcock & brown limited

I agree that the BNBG noteholders are getting screwed, but I...

  1. luckymjohnson
    805 Posts.
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    20/02/09
    08:13
    Post #: 4818104

    I agree that the BNBG noteholders are getting screwed, but I would hazard a guess that the banks have made sure they own enough BNBG notes to make sure that they can defeat any motion that needs the 75% agreement of noteholders?

    If they don't have that many already, then I am sure some funds will sell them to them off-market for a small premium over .01.

    Complete speculation.
    BNB Price at posting: 32.5¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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