cer after capital, page-11

Hi defabs,

I sent you email

I wanted to toss around some possible scenarios of what CER could in regards to geographic segregation.

Was thinking about a possible idea of CER floating say CSF portfolio.

1.4 billion shares at Dollar a share.
All money would wipe off CSF Debt ( around 900m )
CSF's ABR of 107 million would all become NOI as there is no interest and only management and maintanence fees creating a distribution of 7.6c or 7.6% on a trust that is at a bottom and has NO LVR NO DEBT Etc.

ALL in US dollars btw

CER Share holders would recieve the balance of 500million US dollars to put towards CER DEBT. This would pretty drop LVR to amost nothing. Creating a really Safe boring dividend paying Aussie portfolio.

CER aussie portfolio NOI is $116 million or just over 5c a share.

This would have to be pretty close to becoming their distribution As we would still have CWAR1 and CWAR5. Superllc can just sit there paying itself down and the big money can come later when everyone is back on their feet.

Comments on my ramblings?