The biggest BBI ords holder is BNB. BNB is run by the banks.
Who do you think they will be voting for?
Money back for them or shareholders to get g00sed?
It would take an almighty amount of voting by smaller shareholders to vote down any ordinary resolutions to restructure the company. And you can bet your bottom dollar that any big instos with BBI holdings will be offered a seat at the underwriting table of the recap to ensure they vote accordingly.
The little people never get looked after. Get used to it.
BBI Price at posting:
6.1¢ Sentiment: None Disclosure: Held
