the banks already extract 8.9% interest from bbp....let alone any money bbp have to pay to restore power stations eg redbank who weren't in use over the hottest summer last year
the banks, with thei review on june 03, will be able to call in the loans, extract an even higher margin, take debt for equity etc etc...not a good position to be in for bbp
bbp and managment should have done this deal 2-3months ago
this is seriously bad news on friday, i was hoping for a deal to be done, but they seem to be stalling for some reason
i hope for the best for you though...banks being banks though
BBP Price at posting:
8.0¢ Sentiment: None Disclosure: Not Held