BNB babcock & brown limited

Why would B&B international allow for the 80% reduction?I just...

  1. DONACO88
    4,427 Posts.
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    09/12/09
    00:27
    Post #: 6019826
    Why would B&B international allow for the 80% reduction?

    I just don't get it.

    Is it because the same bankers currently run B&B international is the same bankers that loan monies to BBP?

    So they can just wipe out 80% debt for BBP, at the expense of BNBG noteholders.

    Is there any other logical explanation to this?
    BNB Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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