I’ve been following this stock very closely and not having BNB allows me to make some analysis with no bias. First of all, I believe BNB will re-open sometime next week after ann. and, in accordance to what Selmax is highlighting, there probably will be massive oscillation allowing day-traders and gamblers to play their game. I wouldn’t say it will drop down to 2c, but BNB has proven me wrong many times. Nevertheless, the fact that on the ann. stating that there will be no equity left for shareholders does not necessarily means the sp will be next to $0, there’s a lot of room between $0 and $0.5 and still the equity for BNB is potentially nothing, specially if we consider that is coming from $30. IMO it is good to consider BNB as a loss, but without being too optimistic, I would say there will be some crumbs remaining for patient people.
Good luck to all!
BNB
babcock & brown limited
I’ve been following this stock very closely and not having BNB...
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