Hi htran,
I agree that BNB and AFG are quite different companies. However, depending upon what you bought the AFG notes for, I would have thought you would be in a reasonable position for getting some of your money back. You may even make a profit through the administration process. I'm not sure where I read it, but someone on HC suggested that AFG note holders would most likely get something like $12 per note back. Not sure how reliable that info is. Also, it was my understanding that the directors of AFG put it into voluntary administration because that was the most beneficial path to take for shareholders to recoup some of their money. Don't underestimate the value of your AFG notes. Just because they aren't traded on the ASX anymore doesn't mean they are worthless.
Good luck,
StatsMan
BNB
babcock & brown limited
Hi htran,I agree that BNB and AFG are quite different companies....
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