What possible benefit is there in BBSN noteholders establishing their debt with BNB, behind banks charging credit card interest on billion$ of corporate debt?
BNB has no assets other than control over BBIPL and a set of loans that rank behind the bank interest.
Why would noteholders be so stupid as to snooker themselves so badly, as would happen if the Special Resolution is passed at the noteholders meeting?
Even the tax loss brigade have better options ...
BNB
babcock & brown limited
