The banks are behaving like loan sharks. In the past year their modus operandi is to source cheap funds from the govt guarantee, screw home mortgage holders, screw small/medium business on refinance, enhance collaterals and rob value from shareholders to cover their very aggressive and poor lending practices in the past.
What is happening to BBI is no surprise at all. Has been happening with heaps of companies.
Thanks to Melua, Dargie, etc. I got out in time and made a nice profit from trading this dog over 6 months. Wasn't so lucky with Allco though - got caught in the trading halt.
bbi and beppa holders have been robbed , page-2
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