I think this will be a very interesting and educational company...

I think this will be a very interesting and educational company to watch. I know BNB have only achieved a couple of asset sales recently, but I recall that they sold for more than book value because the assets they sold were of a high quality and attracted a lot of interest and therefore a premium upon sale. I'm not saying that this is the case for all of BNBs assets. Certainly, their US property portfolio hasn't done well.

Enumerate, Dargie or anyone else out there, maybe you can answer a question for me. I know that when BNB decided that they were selling a lot of their assets, they were no longer considered non-current assets and became current assets and had to be marked to market on the books. How did they come up with these valuations? Do they simply assume a percentage reduction below book value or is it more of a valuation process? How "real" is the idea that BNB has negative equity? and is it likely that things could change dramatically in the event that many of their assets are high quality and sell for more than they are currently valued on the books?