Jetson...I assume that contractually BNB will be entitled to call their loans in Sep 09 and Jan 10, and if so, BNB bankers (or creditors) will be wanting cash. In this market, very hard to get cash, so I expect the directors are working on the assumption that they wont be able to refinance the loans, other than via asset sales, or total business sale, IMO. I hope they can sell assets, as I don't expect there will be any takeover premium (read a massive discount). I would rather sit and collect distributions for the next 10 years than be cashed out at a massive bear market discount. Anyway, just my views.
BBP Price at posting:
6.0¢ Sentiment: LT Buy Disclosure: Held
