BBP
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0.00% 9.5¢ babcock & brown power

why the 80% discount

  1. DONACO88
    4,427 Posts.
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    09/12/09
    00:26
    Post #: 6019824
    I don't get it.

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

    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% of debt for BBP, at the expense of BNBG noteholders. Isn't there a conflict of interest somewhere?
    BBP Price at posting: 7.6¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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