BNB babcock & brown limited

bnbg restructure -- only hope for value

  1. chachabear
    589 Posts.
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    06/02/09
    17:33
    Post #: 4770311
    The only hope here is that the BNBG holders accept a crappy $5 or $10 per note so that BNB isn't put into admin. If it is the BNBG holders won't get anything and BBIPL will continue the selloff for the banks as it would remain solvent.

    That means BNBG holders have no bargaining power AT ALL and we will have to bend over and take anything they throw at us.

    Capitalism RULES!
    BNB Price at posting: 32.5¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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