BNB babcock & brown limited

enumerate what are your thoughts, page-6

  1. kacy
    11,779 Posts.
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    06/02/09
    18:29
    Post #: 4770475
    What do they mean by this bit?

    "Any restructuring proposal relating to the notes will be subject to special resolutions to be put to holders of the notes issued in Australia and the holders of notes issued in New Zealand and the restructuring being able to be implemented by 15 March 2009, the next interest payment date for the New Zealand notes. No assurance can be given that a restructuring will be achievable."

    Does that mean the fate of BNB is up to the note holders?
    BNB Price at posting: 32.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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