centro continues talks with lenderes to extend, page-23

zed - Mate you're 100% right about the blame for the collapse laying at the feet of the centro management and the failure to be able to repay outstanding debts will inevitably be brought to those in power there at the time......having said that though it is easy to polarize the fact that no asset sales have occurred since the December swan dive, but looked at from a much broader perspective, it can be construed either way......you take on it is valid, however my personal take on it is similar to a pugilistic analogy......let them think your strong when you're weak, and weak when you're strong........at the moment CNP is weak, very weak.....it is at the mercy of creditors and is working hard to maintain their support and financing, but they could have taken the easy option and fire-sold numerous assets to circling "vultures", if you will, repaid only some of the outstanding debt and run into the April 30 deadline with still outstanding debt, but decidedly less capital assets for which to negotiate proper, market value prices for.....yep the outstanding debt, would probably be considerably less that what it is at the moment, but arguably so would CNP's capacity to negotiate favourable outcomes.....instead CNP management have taken a firm stance providing strong leadership to their creditors showing that they want to finalise their debts as expeditiously as possible, but still maintain a profitable company, able to perform a Phoenix-like rebirth......I refuse to believe that for 5 months CNP management have been sitting on their collectives making sure their shopping malls are rented out.......the general consensus on the ability of Rufrano to do his job is compellingly positive.......

I respect your opinions but respectfully disagree...

Cheers