if bnb go down what will be the price of stock, page-8

These are the facts:

- BNB has to produce a plan, acceptable to the banks, by 9th January to outline how development projects will be completed, which assets will be sold ...

- By the end of February, a plan is required that details the capital restructure of the group. It is expected that a debt to equity swap will see BNB ordinary shareholders diluted.

- Currently, the book value of a BNB share is slightly north of $6 per share. The year end will see significant impairments on the peripheral investments. Provision for these losses will reduce book value per share.

In March, ordinary shareholders will be in a position to consider the 2008 year end accounts, have a clear view of the book value per share, understand the clear focus of BNB in terms of asset sales and investment, have a proposal from the banks on the recapitalisation of the company by reducing bank debt to equity.

BNB is a company in need of major structural and capital reconstruction. This state is completely different from being DEAD!

/disclosure: BNBG and BNB010 LT holder