From Business Spectator:The entire focus of the Babcock & Brown...

From Business Spectator:

The entire focus of the Babcock & Brown team right now is on persuading the 25 banks that lent the company $2.8 billion in February not to trigger a four-month review.

Every waking hour is devoted to that task, and when the assembled Babcock brainpower focuses on something, lights dim across Sydney.

The 25 decision-makers at those banks and their advisors are now besieged. Tents will have been erected in each of their front lawns to ensure that someone is on hand if they wake up in the middle of the night with a question. Meetings go for days. Phil Green and his team are talking and cajoling like they never have before, babbling as if their lives depended on it. Paperlinx is staggering under the demand for Reflex paper as the bankers are inundated with information on the Babcock group.


PPX staggering under the demand for paper, you say ? Goody.