just get ou imo..

its debt is tooo great to fix with asset sales. assets sales are very hard and will be done at a discount. The banks keep these sorts of companies alive [like allco] just to facilitate the sales process. can't see any equity at all. It really hasn't had any equity for months anyway. BNB also drew down all of its $2.8b bank debt facility. Looks like possession is everything here. Like to see the banks get that back. its looking like Allco and cnp even more. a lot of traders might not care, but the big risk is a surprise suspension. its only alive because the banks keep it here. its basically controlled and owned by the banks now. its a disaster at any price. the market is getting worse and we can now see a major backlog of multiple asset sales coming form multiple companies. There is also another article in today's fin review if your interested, so don't shoot the messenger. Things are actually getting harder, their coogee oil asset have lost another 37% of their value in the last several months alone. These are a lot easier to sell than a lot of the other stuff since the larger oil companies have the money to buy them.I am sure people with think this is all wrong, but investing in this is gambling on a miracle. find a real company that is cheap and going to survive, this is a toss of a coin and you can tell by the trading, that any decent investor is not interested. This is just going to vaporis any week now.dyor