Hmm didnt their recent announcement say... "the Board believes...

Hmm didnt their recent announcement say... "the Board believes that in the current market environment and based on continuing discussions with the banking syndicate there will be no value for equity holders under the revised business plan and balance sheet restructure of BNB and negligible or no value for holders of the Company’s subordinated notes."????

Its a tough ask to expect spluftyness from the above, but anything is possible I guess...