If this is move by bnb communiutes is successful, , BBP (despite what is expected to be horrible numbers) will IMO stabilise as traders think it will have chance to do the same thing.........if the BNB agreements can be shredded across all the funds it will make it easier for new equity to enter , even making them more appealing for a takeover as they are truely independant companies with good assets and just a debt problem.... even though new equity would be dilutive, in the USA traders saw this as a positive as the pressure of debt is lowered and the balance sheet was bolstered....\
What would be even better is if BNB convert their bridging loan to BBP of $300M into equity.....but I am not sure how this would occur
BNB on the other hand (if these moves are successful) will tank as a major part of their recurring profits will be gone.........
It sure is going to be an interesting couple of days...
Good luck
BBP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
