bnbg - looking to the future..., page-26

The Financial Review is suggesting that a type of perpetual security (presumably exchangeable for ordinary equity when (or if) doing so becomes rampantly profitable for the banks).

It would seem:

- BNB ordinary holders have a shot a recovering some value; and
- BNBG subordinated debt holders may have a shot at getting their capital back.

Of course, alot of water needs to flow under the bridge for any positive outcome to become reality. However, a shot at recovery is very different from the certainty of complete and abject failure.

I stress, we are in negotiation. Nothing is sure until we have the deal in front of us.

Not that it really matters - we are in trading halt - but there is alot of rubbish, misinformation and misdirection on the BNB/BNBG threads. My view is that holders should be optimistic that some level of value will be restored. Nothing is certain - but neither is the prospect to total collapse.

/disclosure: BNBG holder - no BNB ords