1) BNB Actually want to buy back the notes. If this is the case then they will have to make a substantial offer for them. I would say $30+ per note is the only way they could be sure of making sure that the offer is accepted.
2) BNB don't actually care about the notes or sending BNB into administration. If this is the case I would suggest that this is a farce and the are trying to demonstrate for legal purposes that did all that they could to buy back the debt and prevent administration. If this is the case, I would expect an offer of less than $5 per note.
BNB Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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