looks sick, page-8

"Resolution of the B&B loan restructuring is likely to require a securityholder vote."

Does this mean a likely recap / equity raising from shareholders?

Its been a while since I followed this stock but they have about 2.7B in debt and 730M shares. At 5-7censt per share thats going to be one hell of a rights issue.....

Institutional take up / debt to equity swap would be very dilutionary to current holders unless you have the cash to take up your full share or rights.

Notably the vulture funds got BNB debt for about 30cents in the dollar. WIll be interesting to see if they try and trade this cheap debt for a big chunk of BBP...

Dis: No sentiment because I have no idea. Ready to pounce on good news.