htran and swapI am relieved that there is someone else who...

htran and swap

I am relieved that there is someone else who understands the bonds situation.

Whilst all the different things you said are correctly, I am pretty sure these will be turned into equity if the reconstruction BNB is planning is accepted. They really need to get these off their backs and leave it simply as assets and bank debt, with no pesky bonds. Then the whole illiquidity thing will be removed because we will be transferred into something more tradeable (whether it is a preference share or just plain ordinary shares, well we will have to wait and see).

I do not think I will ever see $100 of value for the bonds, but I think $50 is a fair target. And right now, that would be many times your money.

Roll on Friday anncmnt..........