BBI 0.00% $3.98 babcock & brown infrastructure group

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  1. 4,510 Posts.
    Not again Nicksta. Give it up. I thought I had put you onto ignore already.

    There is no way in a gazillion years there will be any dividends out of BBI until:

    1. The corporate facility is paid off.
    2. They save up enough money to defeat the conversion of BEPPA
    3. They are successfully able to roll over their listed bonds.
    4. They continue to service these listed bonds (because if the corporate facility holders block interest on these bonds, techically BBI cannot pay any odinary dividends until the arrears are brought up to date).

    Please try and post something intelligent.
 
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