BNB babcock & brown limited

That's not quite right, Shoomer.The banks convert their debt to...

  1. DecemberStar
    69 Posts.
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    05/12/08
    21:22
    Post #: 4578062
    That's not quite right, Shoomer.

    The banks convert their debt to equity, so their debt is lost when they convert to equity as a gain.

    If the share price doesn't appreciate or the company goes under, their equity becomes increasingly risky.
    BNB Price at posting: 25.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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