BNB babcock & brown limited

i cannot see the pin pulled on this one

  1. 315 Posts.
    BNB is the centre of very lucrative set of management contracts supplying services to the listed/unlisted/private partner satellites.

    - a slow process of releasing the reins whilst unwinding debts protects the banks most.

    - there is actually some prospect of new capital being introduced to give greater security to the debts

    - interest payments are being met

    - asset sales are being made

    The only circumstance I can see justifying receivership is:

    - if the BNB Directors lose their nerve due to their perception of liability

    - there is evidence of fraud
 
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Currently unlisted public company.

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