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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babcock & brown limited
The noteholders will do what the shareholders should have done:-...
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