I still think that there is the risk of administration. In that instance kiss any BNBG returns goobye.
I'd rather wait for the plan to come out and then jump in with a substantial position. Happy to let go of that 6-7$ extra profit. BNBG is always slow to move anyway.
Let's not fool ourselves, the notes are giving a 4% chance of survival for the company. Thats 10 times worse odds than going all or nothing on a roulette table.