woof woof, page-34

Centro, I don't think the market is reacting to the current guideance, it is beyond that is of concern....and the current model is clearly broken, but this is not to say that Phil Green will not create a new model though!

As you state, BnB makes much of it's money from the Satellites, not just in fees though, they also get lots of uplift profits when they transfer assets from their B/S to those of their Satellites.

In 2005 BnB listed 4 satellites, in 2006 the listed 4 satellites, in 2007 the listed 2 satellites...since they listed Air in the 3rd qtr 2007 there has been nothing.....other than buying back BEI......

Still think the model isn't broken.....