Lets see - BNB's market cap. is now around $130 mil.
Debt is in the multiple $ billions... $3.25 billion (?,I think)...
Now one of the options is a debt-for-equity swap to the banks.....
Unfortunately for shareholders the dilutive situation if that was to happen could be large - even after asset sales....
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- closing 70 next year
BNB
babcock & brown limited
closing 70 next year, page-3
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