Our company, BBI needs to completely divorce from BNB.
BBI payed 166million AUD in fees 2007-2008 to BNB, presumably 'management' fees and the like. This must never happen again. Presumably, as we are selling assets rather than buying any in the near term, this won't have an impact.
Does BNB being put on life support from its bankers hinder our chances for a quick divorce??
As well as asset sales to reduce gearing and improve the balance sheet, OUR management should be looking at a name change, a payout of any management rights ala BBW ASAP, as this is really holding back our sp...
good luck to all holders
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