BNB babcock & brown limited

debt /equity swap, page-3

  1. dargie
    4,510 Posts.
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    05/12/08
    23:13
    Post #: 4578215
    Both wrong.

    Debt will only be swapped for a stack of shares. The existing BNB shareholders will get heavily diluted. This is why the share price is tanking.
    BNB Price at posting: 25.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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