BNB babcock & brown limited

negative net asset position, page-97

  1. dargie
    4,510 Posts.
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    11/01/09
    16:27
    Post #: 4679689
    I do not comprehend how anybody can speculate on the Monday share price UNTIL YOU KNOW WHAT THE LEVEL OF DILUTION IS.

    I am sorry to shout, but this is an absolutely key number in the equation. Is is 3:1 or 4:1 or 5:1? Who knows? My guess number is at least 10:1 and a guess is all it can be at present. How anyone can buy or sell the ordinary shares until this part of the equation is made clear, well that beats me. Otherwise it's total guesswork.

    If anyone out there things the bank is going to show some mercy to the existing ordinary shareholders, you are very sadly deluded.
    BNB Price at posting: 32.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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