What's in it for them that way?
They are loaded all ways, if there's a recovery they have skin in equity.
If there is sideways movement they get the coupons on debt (small issue of assuming it can be repaid!).
If there is failure they have senior security and they'll more than recoup their investment that way.
I've been in and out of BLY for 6 years, not touching it again until there's clear signs of a recovery. Even if I miss out on sub 10cent price, so be it. BLY will be extremely profitable for someone, someday.....not sure as an ASX listed entity though, my 2 cents.
BLY Price at posting:
5.2¢ Sentiment: None Disclosure: Not Held
