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0.00% 9.5¢ babcock & brown power

Agree with Balto. In the last annoucement, it mentioned security...

  1. tccham
    45 Posts.
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    13/10/09
    16:26
    Post #: 5772017
    Agree with Balto. In the last annoucement, it mentioned security holders vote MAY be required only on BNB loan restructuring. No mentioned of recap or debt for equity swap

    I suspect the vote is for the 400m to turn into convertible bonds with outrageous interest rate 10-12% with high payout penalty ... similar to the RBS-led consortium proposal for BBI. It looks like the RBS-led consortium is also the holder of the 400m BNB loan.
    BBP Price at posting: 7.3¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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