I don't know guys but in the deloitte liquidators update to noteholders earlier this month they said that there was a judgement being handed down on whether equity holders claim for monies has merit.
Seems pretty uncanny timing that a litigation fund would offer to represent you (equity holders) for 50% of what you may get when this decision is about to be handed down anyway anyday (maybe it already has).
I am not a shareholder but I would be highly suspicious of this letter.
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BNB
babcock & brown limited
litigation's warming up, page-5
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