as expected, page-4

"Pay off your debts to a level of sustainability, then merge all holders across syndicates etc into one entity."

Chris,

"Pay off your debts to a level of sustainability" by giving all CNP assets to the secured creditors.

"merge all holders across syndicates" All holder are the secured creditors.

Put aside 100m for clean up costs and payout of current shareholders, junior creditors and the class action and then fold the company.

Nothing has changed and IMO CNP is still toast.