guys, i was just thinking, was it babcock and brown or bbipl that lent the $200m bridging loan to bbp?
if it was babcock and brown as i suspect, as soon as that money comes back in, it must go to noteholders. and that's at least $33 per note.
the great thing about our position is we are at the top of the food chain, babcock and brown is the ultimate parent company, despite our status as subordinated to the creditors of bbipl.
imo monday is going to be a fruitful day.
BNB Price at posting:
32.5¢ Sentiment: None Disclosure: Held
