If it were just bank issues about refinancing, then I would have expected the news without a trading halt.
My guess is that BBP wishes to accept an offer on one (or more) of the assets,and this is subject to bank approval. A trading halt insures no insider trading or leaks (in theory).
This also is indicated in the release about the business going forward, ie. it may well have less assets.
IMO, if the banks were going to wind up BBP, they would have done so back in Nov08.
Friday is going to be a an interesting day for BBP & BBI.
BBP Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held