bnbg - looking to the future..., page-5

"nothing has really changed except that it looks likely that BNB will survive"

It defies belief that someone can post tripe like this.

"thanks for your completely useless reply - maybe try actually putting forward some sort of useful insight rather than just being sarcastic"

... Heres some useful insight.
BNB is broke. They have negative equity.

Negative = less than 0.

They are close to bankruptcy but they wont die, they will "survive" because they will be kept alive on life support,, long enough to have anything left of value stripped out by the banks.

There will be no money left to pay BNBG holders, or their interest or dividends or anything. The banks have priority over everyone else.

If the BNB directors did not agree to this, BNB would be insolvent today and in breach of their loan covenants, and would enter administration and probably liquidation.


SM, please post your messages from now on the fantasy and denial discussion sites.



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Disclosure: Family members hold BNB.