odds of survival, page-16

Swap,

Thanks for your post but could I ask a direct question or pose a situation directly to you??

THe ownership interest aside in respect of CNP owing a share in CER; both entities own half shares in heaps and heaps of properties.

SO if CNP is liquidated and CER is not then how does the liquidator go about selling half shares in properties that CNP owns when the other half share owner is not in liquidation? It a genuine question that I asked months ago and no-one answered. Does CER get first right of refusal? Does CER haggle and do battle with the administrator? Would CER have to also divest itself, particularly in this climate? If CNP's administrators/receivers become a "forced seller" does that necessarily mean that CER is a "forced seller" as well? Does CER become CNP's phoenix by buying CNP's choicest assets off the administrator/receivers?

This is actually my argument that both entities will survive.