>we would get absolutely nothing under administration,
... and we get absolutely nothing with Larkin's "suspended animation" proposal
>our only chance is if the banks offer us something now, so whatever we are offered is the best we're going to get.
... and we get a decent offer if we line up nicely and speak politely to our betters ?!??!
NO! We get a decent offer ONLY IF WE DEMONSTRATE COMPLETE RESOLVE TO DETONATE A NUCLEAR BOMB UNDER LARKIN'S RECONSTRUCTION PLAN.
That "nuclear bomb" is BBIPL Liquidation.
We will be cheered on by BNB ordinary holders - who have been wiped out by director fiat. We will be cheered on by satellite investors who will not have to pay to expunge management contracts.
In my personal view, BBSN holder interests are actually better served by BBIPL liquidation. There is no hope in being a subordinated holder, behind the Banks billion dollar bullet loan, accruing "restructuring fees" at 20% per annum.
All that nonsense is gone.
In Liquidation we have an honest insolvency process.
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>we would get absolutely nothing under administration, ... and...
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