BNB babcock & brown limited

Guys,A deal that would wipe out common stock holders would have...

  1. Coppertop137
    3,760 Posts.
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    23/01/09
    13:24
    Post #: 4722085
    Guys,

    A deal that would wipe out common stock holders would have to be one that is an enormous debt for equity swap with enormous dilution. Under this type of arrangement, the subordinated debt would probably be paid out from the proceeds of the share issuance. So BNBG would get it's entire face value.....or is my reasoning incorrect.

    Thoughts welcome.
    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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