BNB babcock & brown limited

getting closer to the agreement, page-7

  1. StatsMan
    1,600 Posts.
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    03/02/09
    17:04
    Post #: 4756561
    Hi chachabear,

    I'm just interested in understanding what it is about the deal that you believe is going to wipe out noteholders? I would have thought that noteholders would be optimistic given BNB is staying alive and being allowed to sell off assets at non-firesale prices. Isn't this likely to give the notes better prospects? I'm not poo-pooing your view, I'm just interested to hear why you think the noteholders will get wiped out...

    Cheers,

    StatsMan
    BNB Price at posting: 32.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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