enumerate what are your thoughts, page-15

>I reckon the note holders will be offered a swap for shares and away we go again.

The only certainty we have now is that BNB shares are worthless. The 20% pa restructuring fee sees to that.

The only value the BNBG note holders have is the guarantee from BBIPL. BBIPL has the assets the bankers want. The bankers want to control ... they need to buy off the note holders.

Management and Directors have "done the dirty" on the BNB ord holder. It is divide an conquer. It is now the turn of the BNBG holder ...