why buy bnb but not bnbg i don’t understand, page-2

Momentum traders me thinks. IMO only punters are buying BNB. If instos were interested their fixed income guys would be buying BNBG with such a massive yield.

BNB's announcement said that any debt equity swap would significantly reduce the value of the equity, but this is probably a best case scenario for BNB. Debt equity swap is a big +ve for BNBG as banks would be more commited to keep BNB alive, but BNB equity will be so diluted hard to see value even at $0.4.