things will be just splufty!, page-11

Is it relevant whether Dogby lost money on BNB or not??

BNB holders may not like what he posted, but if they think that the outcome will be any different to what he wrote, then they are most definately indenial.

The banks will proceed with a debt to equity conversion....and they will do this in the belief that a greater portion of the debt owed to them will be recoverable via asset sales over the course of the next few years...it is a better option for them to keep the company afloat and gradually sell off assets, rather than the company going into administration and having assets fetch firesale prices as would be received under the current climate....that is obvious...and it is also clearly obvious that current shareholders will be extremely lucky to collectively own even 5% of the company after the debt to equity conversion.