Agree dargie, if the company survives the equity is definitely toast, and if it doesn't everyone including the banks are toast.
BNBG is $5 for a reason. This is why I'm waiting to see if BNB can pull a CNP. Then it would be worth getting in albeit at a higher price, but with more confidence.
I have a small BNBG pos, but will add to it if the stabalisation plan is accepted Jan 12.
BNB
babcock & brown limited
Agree dargie, if the company survives the equity is definitely...
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