BNB babcock & brown limited

In my opinion the company has taken an easy step with its...

  1. 17,814 Posts.
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    In my opinion the company has taken an easy step with its negotiations with the banking identities and therefore has let down both the note holders and shareholders by not being more proactive in selling a better deal to the banks and have now put themselves in a position where the banks will now benifit to the detriment of note holders and shareholders. This is a company that may well trade for nine years before they let go and will enjoy the good favour of any income it produces .We do not get to see behind the dealings that are being made and it will be all the more secretive as it goes into becoming bbipl.Bnb share holders should be asking for more disclosure from there company in this regard.We do know that there executive have long term plans in being in there job so do they also have long term plans as a company as well??? They have borrowed from us to gain at all of our expense if they wish to stay alive as a company then all of us should well be apart of it.I hope better regulation comes from this and also hope that part of that regulation will be insurance of such a thing happing where by the garantor of such notes will be just that insured!Which brings me to my point are the banks insured in there loss ? Or is bbipl ?Would make for intresting alligations if they were.
 
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Currently unlisted public company.

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