cer laggin behind cnp, page-43

blastoff,

The banks won't and cannot ask for immediate repayment of the debts, if no vote is cast..they can go for the cash redemption option which is the CONVERSION RATE x THE VALUE OF THE HYBRIDS (conversion rate is the rate at which will equal 90.1% of the company when multiplied by the hybrids)and all term loan paid in full when due..

either way the banks win..the vote is just to know whether they'll be paid in shares or cash (90.1% - 14.9% already paid in shares)