BNB babcock & brown limited

guys, you clearly don't get it, babcock is going to issue...

  1. 274 Posts.

    guys, you clearly don't get it, babcock is going to issue perpetual notes to the debtholders that rank above the notes.

    babcock will pay interest on the perpetual notes but will elect to defer interest on our notes.

    that is how we will be diluted.
 
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