BNB babcock & brown limited

From the media reports that I have read, it seems that the 400...

  1. StatsMan
    1,600 Posts.
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    26/02/09
    21:43
    Post #: 4844855
    From the media reports that I have read, it seems that the 400 million dollar loan was between BNB and BBP. The loan was also unsecured, so if BBP has its plug pulled, then BNB will probably get nothing. However, it is looking like the money did come from BNB, in which case there may be some hope for noteholders. Can anyone else comment on this?
    BNB Price at posting: 32.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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