Geni you would have to assume for the bussiness plan to take...

Geni you would have to assume for the bussiness plan to take shape the subordintate debt needs to be addressed you can have a plan but it means nothing if you cannot make it work or it needs one part of it to make the rest work .Here possibly lies the value in the notes .How much is the plan worth to the banks?They have aready loaned 2 hundred million to keep the company afloat now.Just for instance say the notes are taken on by the banks no sub debt holders now and all that money that could possibly be taken off bnb debt to the banks .With the added value of getting more out of satilites .It reduces bnbs total debt loan ratio i guess you would call it maybe the banks do not even consider it debt ?As they sit higher but was the notes used to secure a higher margin of loan? I do not even know what the notes were used for ? Was it sucked out of the company as there shares rose and the value of equity rose in the company?Isnt that sort of what happened to ansett? air new zealand sucked all the money out of it till it folded Creative accounting i think its called .Here fold up the notes take there 7 hundred million as its still there in a fashion pen it down as we live in digital money take on the intrest payments and grab 20% at the end of the company due date ie similar to the notes maturity dates but a longer term now .