NAB Debt V Market Cap

All,

Has NAB exited BFC?? BFC indicated that it would Tender out it's Debt needs thus retiring the NAB unless NAB wished to stay!!!

NAB Debt must be higher than BFC Market Cap. If NAB stuck in BFC, ould NAB take a "haircut" on its BFC Debt and exit.

Is a Hedge Fund buying at todays price/s?? Gutsy move..............

What is next,

• Fab Jorge and key staff leave.
• Board resigns
• Roger Sexton leaves - he has indicated that he may retire at next AGM. Will the Company still be afloat to see next AGM?
• NAB - must be very nervous or out.

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