BBP 0.00% 9.5¢ babcock & brown power

Good post propunter, just like to add to this, since one of the...

  1. 1,981 Posts.
    Good post propunter, just like to add to this, since one of the condition of debt restructure is paying off 250mil debt by Mar 2011, so I would imagine they may raise equity for any shortfall expected for 250mil debt payout. May be they will have to raise as little as 150mil. We can probably expect 50% dilution if equity is raised at 15cents post Feb 2010 results. After 2010, income is going to increase as legacy contracts run out and I am sure we can expect gas & electricity prices increasing which will add more income.
 
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