Carbon Trader....I wonder whether that 40% is still accurate. A large number of shares came out of Escrow on Feb 7th and on that day the BnB SP closed at $18. The smart ones will have sold down immediately.
Anyway, what worries me about situations like this is that many of the BnB team have received shares instead of cash for their end of year bonus, and these shares are held in escrow...over the course of the last 12 mths they have seen their hard earned bonus' get smashed by nearly 80%.
The smart ones will have sold down the shares not under Escrow for sure, the not so smart ones will just be angry with themselves and the company, and the ones with lots of shares in Escrow who would have liked to have sold at $18 or more will be pi**ed off at not being allowed to.
I bet there has been some quality staff resign over the last month or two,
Anyway, good day today, up 7%....BnB has become a day traders paradise!!
BNB
babcock & brown limited
what is being insolvent mean, page-7
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