I dont want to spoil things but just what are the holders expecting in the announcement.
I have close friends who know the internals of B&B very well and it is cut and dry the business is no longer, its finished.
Basically the company has hard assets which will be sold asap and they also have intangibles which are harder to value but in time will be sold eg development pipelines.
The business is now a business of selling assets ..the end.
Any repreive given by the banks will be for their benifit alone.
The directors PG and PH blew the business up and jumped.
BNB
babcock & brown limited
I dont want to spoil things but just what are the holders...
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