BNB babcock & brown limited

here reply to enquiries to bnb

  1. 438 Posts.
    Here I was asking the company about what they means by "no value for shareholders" and this is the reply. Notice this phrase "we were in a negative Net asset position implied that there
    was no value for equity holders at 31 December 2008"

    Here the full text of their answer.


    "Based on current discussions with our banking syndicate and in light of
    current market valuations for equity the Board believe there will be no
    value for shareholders. When we are in a position to make an
    announcement regarding the outcome of those discussions the shares may
    come out of suspension and trade on the market. The announcement on 7
    January that we were in a negative Net asset position implied that there
    was no value for equity holders at 31 December 2008."
 
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Currently unlisted public company.

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