BBI babcock & brown infrastructure group

bbi security hoders should get 8c/share, page-4

  1. 213 Posts.
    Whilst beppa is a creditor of BBI EPS Ltd, it also has a subordinated guarantee from the head company.

    Ie to the extent that beppa does not recover $1.00 + interest from BBI EPS Ltd, it is a creditor of Bbi.

    For as long as beppa gets less than $1.00, bbi ordinary holders should count themselves lucky to get anything.

    And point me in the direction of where assurances were given that it would meet it's debt obligations. I always thought they went TOO FAR with theirrisk disclosures...
 
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