One other thought I just had was if BNB do something similar to...

One other thought I just had was if BNB do something similar to CNP and issue Hybrid securities to the banks in exchange for debt that are convertible to stock at some future date to be equal to 90% of the company.

My original thinking on the BNBG notes was that they would be highly dilutive even to the Banks and so might create an obstacle but if these securites issued to the banks are convertible AFTER the november 2015 maturity of the BNBG notes then they don't care about how many shares the BNBG notes can or do convert to as they'll just have it so they have 90% of current issue at that time.

I am starting to think that there is actually a small chance they might just leave the BNBG notes alone