CNP is a very very big deck of cards and without full knowledge of who is exposed and to what extent it makes the outcome look muddy.
but this is really a tip of a very big iceberg.
IF banks let CNP fail it opens up an awful lot of risks in other stocks who are in the same boat.
CNP argue their underlying assets are performing very well.
CNP state they are not in default of any loan.
The argument seems simplistic to me.......CNP can meet its debts
CNP are being squeezed by banks when they are most vulnerable.
It looks like the big boys are hitting CNP when its down.
this is very simplistic but CNP have to find a way to refinance its entire portfolio and it would not surprise me to see a large Asian,Middle east player take a huge stake in CNP.
If as CNP state they have great underlying assets.........all this has done is present an opportunity to big hitters which would not have ever ben thought possible even a few months ago.
Its fascinating to watch that is for sure.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
