Towie,
Thats a big assumption given that what we know about the RBS proposal is limited.
However, from what I have heard, RBS was putting in a massive convertable (which would dilute BBI to buggery), or if BBI wanted to pay it back in cash, their was a 50% repayment penalty attached.
The only course of action which would deliver value to BBI ord holders was an asset sale, and BBI Management have shown their incompetence in this regard.
