BNB babcock & brown limited

bnbg unsuspended!??, page-11

  1. 315 Posts.
    The noteholders will do what the shareholders should have done:

    - We will change the Board of BBIPL and the subsidiaries

    - We will chose administration over the Bank restructuring plan

    - Further impairment of the Banker assets (loans) is of little concern to us. What matters is that the situation be wound up as soon as practical.

    - Collapsing BBIPL and subsidiaries is a complex task. It is not, however, an impossible task.

    - Collapsing BBIPL with maximum speed is the imperative. The 20% "restructuring fee" cannot be allowed to stand.
 
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