"The majority of the banks comprising the BNB banking syndicate...

"The majority of the banks comprising the BNB banking syndicate sold their debt to hedgies at 20-30 cents in the dollar. "

And which way will they be voting? Having bought up all the BEPPA in recent weeks, they will surely be voting yes."


You are assuming the same hedge funds that bought up BNB debt on the cheap, are the ones that have purchased BEPPA on market.

Possible, but by no means a certainty. Probably not even likely....