>should we be emailing/writing to Babcock and Brown to let them...

>should we be emailing/writing to Babcock and Brown to let them know what our intentions are?

At this stage, the most important thing is to get as many BBSN noteholders aware and focused.

People need to understand that they need to establish their debt with BNB. The Trustee will be helping them with this process.

I expect it will be the Trustee that puts BNB into administration. After all, the Trustee will be interested in establishing if BNB can repay, and if not, establishing the ex-BBSN noteholder debt with BBIPL (who have all the assets).

The Trustee may even have an interest in BBIPL liquidation. After all, they are not stupid and can see that under the terms of the Bankers proposal - there will be nothing left for ex-BBSN noteholders in 2018. Establishing the debt with BBIPL is their priority and wrapping up the BNB/BBIPL liquidation, as soon as practical, under an honest insolvency process - might be their desired outcome, as Trustee.

Adventures in the High Court might also be on the agenda. The insolvency process probably makes these type of processes easier - all the base information would be exposed and available.