I can't understand the accounts or the structures or even the basics of the business.
What I hope: that BNB has cleverly placed its bankers in a "lose more or lose" situation - being that they will try convince the bankers there is more to lose by acting now, and less to lose by not acting now. I hope that the lucky part is that they have ALOT of bankers and that somehow that will assist them rather than work against them. I don't for a second believe that this was their intention in striking these deals - that they may help secure them from foreclosure if the sh!t hit the fan... but I will happily see it pan out thus.
Disclosure: I really own very little of this and have been treating it as a roll of he dice which is very unlike me and its currently serving as a wonderful reminder about what happens to me when I do roll the dice.
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babcock & brown limited
we have nothing to fear - but fear itself, page-10
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Dr Michael Thurn, CEO & MD
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