Another poster already mentioned....where will they get their revenue from once they sell their management rights?
It's the unwinding process. Plus their business model is shot to pieces. This is what fell AFG. No growth meaning the all they could hope for was to keep paying interest on debt. No value for shareholders so just pull the pin.
Once companies fall this far there is often no way back.
BNB
babcock & brown limited
whats wrong with the news isnt it good???, page-9
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