I find this comment hilarious:"They can buy BBI's assets back at...

I find this comment hilarious:

"They can buy BBI's assets back at book value or better. That would be fine by me and other BBI/BEPPA holders. It would unlock approximately $1.30 net cash per BBI security."

If only life was that simple. With all the potential conversions from the two BBI bonds and the BBI prefs as well, how anyone can quote an up to date NAV is amazing really. That would be some incredible foresight.

The staff at most of the satellites are employed by BNB and lent out to the satellites. If a satellite escapes from BNB by making a cash payment, well then you would be pretty sure the staff leave BNB and go directly to the satellite and start afresh with new employers.