BNB babcock & brown limited

smh article, page-18

  1. 2,239 Posts.
    My calculations are that is will about the 9th Feb. 20 Business days from suspension - don't forget the public holiday and will be after the 20th day. Minor correction, but just for the record.

    Sadly, my personal opinion is that they will go under. I don't believe the banks will wish to put more money into a sinking ship and further equity in BNB doesn't help them much either. So I think BNB will go into administration and will be an orderly sale of assets over the ensuing year or so. The banks would only put funds into BNB if they thought BNB could actually get themselves out of their massive hole and I'm not confident they can.

    I am an owner of BNBG at $5
 
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