bnbg, page-37

It would be a bit like Zinifex was at the beginning prior to the (ill fated?) merger. Creditors swapped debts for shares.

When they resumed trading, there was a big dump of shares for several weeks as creditors rushed out, then in time when people realised how good their cashflow was, the shares rose many fold. Several fortunes were made (and it seems more recently lost again).

If BNBG gets swapped for shares, the tendency will be for BNBG holders to see their shares off immediately and rush for the exit. It will depend of course how many shares you get, but I could not (at a guess) see BNBG holders getting more than 3 or 4 shares.