and it just gets better. had a look at the prospectus, and note...

and it just gets better. had a look at the prospectus, and note holders can only request exchange on a reset date (i.e. november 2010), so babcock will simply exchange our ntoes for worthless ordinary shares.

also they will sneak in the restructuring before any interset accrues due on the notes because that allows them to enter into any transaction that detriments noteholders.

it seems babcock has royally s crewed us.