well the news about shareholders being wiped out is just a fancy...

well the news about shareholders being wiped out is just a fancy way of saying what was said earlier about the debt for equity swap massively diluting what we already have, which was information that was released earlier prior to the trading swap. i think the announcement today was mainly to clarify what was going to happen to the BNBG notes, since there's been alot of talk about that recently.

so basically i think today's announcement doesn't add anything new, unless you're a bnbg holder.

i think at this point a debt for equity swap will probaly go through giving BNB some life for the next few years, and the shares will come out of suspension at somepoint in a few months time giving all the traders a chance to get some of their money back, but I think the issue to consider now for people wanting to hold this for long term would be whether or not the bankers will work out BNB leaving nothing left for shareholders, or will they allow Michael Larkin and his team to downsize BNB into the infrastructure model the BNB management was pushing for.

just my two cents.. good luck to all