BNB babcock & brown limited

wachito, they just anncd that there will be negative net worth...

  1. 4,510 Posts.
    wachito, they just anncd that there will be negative net worth at Dec 31. That tends to be an NTA of zero!

    I would also think a dilution of 70% would actually be letting people off the hook. I am thinking at least 90%. Certainly the tone in the anncmt makes me beleive the dilution will be huge. I would be surprised if it is less than 10:1, but we will soon find out I suppose.
 
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