Agree Swap, I too hold BNBG. Why buy the shares when you can by the notes. Notes have priority before shareholders, also if there is a debt to equity swap which is most likely. Then the $4 notes will be converted at face value of $100, or at the least 50% discount which is $50. That’s an increase of 10 times if debt for equity swap at 50% discount or 25 times the current price if notes mature. Note holders hold the upper hand regardless.
- Forums
- ASX - By Stock
- BNB
- could hit a dollar
BNB
babcock & brown limited
could hit a dollar, page-8
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries