BNB babcock & brown limited

the last announcement said it all...."there will be zero equity...

  1. Ninie_45
    1,033 Posts.
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    02/02/09
    07:23
    Post #: 4749657
    the last announcement said it all....

    "there will be zero equity left for shareholders"....
    even noteholders looked screwed.

    under a debt for equity arrangement the banks will kill existing holders...

    still it will offer survival for the company and i will probably trade it bigtime but not at anything over 5cps, indeed probably much less. maybe 1-2cps.
    BNB Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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