how could the board implement such a business without the...

how could the board implement such a business without the consent by the sharesholders and noteholders?

why can those people still lead the sales of the assets even if BNB is put into admistration?


if the company is put into admistration and the admistrator sells the assets over the next few years and if the market conditions improve over those years, shareholders and noteholders might still get something back. however, after the implementation of this bisness plan, it is impossible for shareholders and note holders to get anythhing even if the market condistions improves significantly over the next few years. it is clearly the board memebers and management are not doing in the interest of shareholders. this can be a very good case in the ares of study of agency problem


this deal this basically that the bankers take over all the assets and decide when to sell for profits for themselves.

the boards of other companies which are in difficulties can all follow this and retain their pay packages, and bankers will smile, even in the dream.