I cannot for the life of me understand how posters on this forum...

I cannot for the life of me understand how posters on this forum continue to cling to some sort of false hope that there's any equity value left in BNB.

I don't hold and as its suspended with little liklihood of ever trading again this isn't a downramp, just a reality check.

Look back at history, Pasminco is a good example, how much were equity holders left with? Answer = NIL!

Please someone tell me a precedent (any precedent in the last 20 years will do) when banks have accepted a haircut and/or swapped debt for equity and left anything on the table for existing shareholders.

If the banks do let it survive it will do so in an unlisted form where ordinary equity is worthless.

Remember a debt for equity sway will not ever take the form of ordinary equity but will be quasi debt in the form of preference shares that facilitate priority participation in profits, that is, if there is ever any future profit.