BBI babcock & brown infrastructure group
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Bring it on....the article questions the claim that if the recap...

  1. apples
    5,848 Posts.
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    12/11/09
    08:27
    Post #: 5902632


    Bring it on....the article questions the claim that if the recap gets voted down there is no choice but administration......

    This claim has always been highly dubious.

    A refinance in the current environment makes a lot more sense. BAM can however rejig the deal delivering a better outcome for BBI ords. They better move fast though because a NO vote on Monday is a total waste of resources.

    No forced conversion of BEPPA might be an option.
    BBI Price at posting: 3.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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