you owe 1m you have a problem....., page-4

it's funny how just about everyone here has made money on cnp, even as it closed on a record low today.

the fact is cnp hasn't handled this process well at all.

there has been absolutely no communication with the market.

cnp has been trashed by unsubstantiated rumours, and the more the sp falls, the worse any potential bid will be.

remember cnp shot up to 1.5 in the days after it crashed, and it was approached by several parties. surely they could have negotiated a takeover at about $2 at that time.

now the sp today is 28c

it will be about 20c come april 30.

if they were to issue 1 billion shares at 28c, it would raise only $280m - please tell me what that is going to do against debt of $4bn needing to be refinanced by april 30

it would be in everyone's best interest if the australian banks extend to september 30 and let the sp recover before they recapitalise. it would be suicidal to do it at these levels.