bnb shareholders should be very worried

I would be very concerned about holding shares in BNB given the possibility of debt for equity swaps with BNBG note holders and the banks. At present there are 500 million shares on offer. If the BNBG notes alone were converted to shares, that would diluted the equity considerably. At a share price of 20 cents, the $500 million in debt would create 2.5 billion new shares. That is some serious dilution of equity. Imagine if the banks covert their debt to equity as well. In my humble opinion, anyone who is buying BNB in the hope that they will appreciate in value will be very disappointed. If anyone wants to take a punt on BNB you would be much, much better off buying the BNBG notes. The only use that I can see for BNB shares at the moment is short term trading, but beware, when the news comes it will not be in the favor of shareholders. Just my opinion, would appreciate comments or criticisms :-)

I hold BNBG but no BNB.