BNB babcock & brown limited

wind clock forward to June 09:BNB current Board and CEO goneThe...

  1. ABN
    532 Posts.
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    15/06/08
    18:19
    Post #: 3860209
    wind clock forward to June 09:

    BNB current Board and CEO gone

    The banks have protected their exposure and essentially own majority of equity in the company

    Shareholders have been severely diluted by a rights issue at circa $2, most of which taken up by the banks, converting debt to equity

    asset selldown completed

    BNB is a shadow of its former self

    SUGGEST TAKE IT ON THE CHIN NOW AND GET OUT
    BNB Price at posting: 0.0¢ Sentiment: LT Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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