IMO, holding debt on a -NTA company such as bnb is like asking a...

IMO, holding debt on a -NTA company such as bnb is like asking a beggar for money. The only way they can get their money back is to transfer all this debt to the shareholders thru the market, thus diluting sp and shareholders equity.

Hypothetically, now lets pretend the issue is 2c per share (sorry current holders) and the banks will hold s load of shares, and "punters and ignorant investors" will then think bnb is a cheap punt @2c (like CNP) with the added protection of the banks being major holders. These punters will then push the sp to 50c or so. The banks can then slowly offload their stakes and recoup their money + make s load of money from them, and not relying on the crap useless bnb model. This is of course morally wrong for the banks to dub unexpected investors if they know bnb is a inviable entity but hey no one force you to buy bnb.
DYOR