guys, the banks need our support to implement this "restructuring" plan which is designed to completely screw our interests.
if she is put into administration, the company will be liquidated by an external administrator, and receivers would be appointed where the banks have charges.
under administration the banks would not be able to gouge 20% p.a. "restructuring" fees.
so let michael larkin play hard ball, but the first thing i'm doing tomorrow is demanding full replayment of my bnbg notes.
BNB
babcock & brown limited
new article from business spectator, page-5
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