Wealthyjvd, Debt for equity swap without going into figures may ensure survival, but it is not necessarily a pot of gold, even for shareholders who have bought sub 10 cents. Try converting say $1b of debt into shares say at even 10 cents & see how many shares are on issue. Remember shareholders will get to vote on this resolution but it is the bankers that have to agree to this & THEY DECIDE THE TERMS & PRICING OF THE SWAP. Just remember debt for equity proposals have come from CNP not bankers, so still only a possible solution. Regards Buffett
CNP Price at posting:
5.4¢ Sentiment: None Disclosure: Held