summarisation, page-18

I think the shares are pretty much worthless. The only value the notes hold is that: (i) there is a chance that the noteholders can derail the banks plans for selling off assets outside of the administration process; and (ii) there may be a chance that there is some money left over for noteholders following the asset sales if (i) turns out to be false. BNB shareholders are so far down the line in terms of getting paid any money that their shares really are completely worthless. Sorry.

Cheers,

StatsMan