BNB babcock & brown limited

Hi Coppertop,yep, I suppose that is a possibility. Noteholders...

  1. StatsMan
    1,600 Posts.
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    23/01/09
    14:29
    Post #: 4722478
    Hi Coppertop,

    yep, I suppose that is a possibility. Noteholders would have to agree to it though, which might be unlikely. Not sure if I would go for it or not unless they were preference shares. Besides, I think the BNBGs have a lot more power than shares in their present form - like the ability to call in administrators with 25% of notes behind it and the inability of BNB to restructure if interest was defaulted upon.

    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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