takeover now more likely than ever, page-28

crypto.. its a giant game of poker.


Every player basically has the same cards and the pot is Centro and its assets.

At some stage, someone has to go "in" and hope that other players dont start over-bidding.

Unless there is collusion, one player will make a bid near full value, and the rest will not bid.

so.. how is that acheived, by buying the Notes, the debt, the shares on Market, or by hoping to buy individual assets?


Well my thoughts are that a certainty of it is that if someone had a couple of Billion on hand, say 2,3,4? they could get a hunk of shares and make an offer of some refinancing (at commercial rates) to the comapny, which would then bring back into play the ability of the company to finance its own debt from earnings, keeping the wolves from the door.


Shares go up, earnings put back into debt being repaid.

2 or 300% gain within two years.


Which of the poker players (ie bidders) is going to blink first?


26 days to go to find out.