will u sell cnp less than 150c, page-5

Dr Beattie:
The Australian did not put the CNP situation in a favourable light. It highlighted that there were no serious offers for the wholesale funds, staff retention issues and the April payment falling due next week.
Sneider:
There were serious offers but obviously Centro rejected the $1 offer which was too cheap to take over the company. CNP has provided a pay rise to its staff to ensure that nobody leaves to either Westfield and another Shopping Centre organization. this obviously strengthen Centro position that it is able to increase their wages and pay them. For the APril payment !!! What makes u think that they are unable to pay it. They have been doing it with ease so what the difference now. They are still renting at their highest levels. (please explain).Have u looked at their books to se the amount of cash.. Amount receivables to amount payable.

Dr Beattie:
Can't see how we are better of now than before this news over the weekend - I think shareholders are much worse off.
Sneider:
They are worse of because of what.Because u think it is going into administration and no shares will be traded.

Dr beattie:
CNP have confirmed than none of the offers were suitable to persue. So, it is back to the drawing board for the recapitalisation process.
CNP have still not negotiated the extension, leaving just 7 working days to settle that (if the extension was done, Ruffalo would have been forced to have already announced this to the market - so it is not a done deal).
Sneider:
Basically the board believes at the time the offers came out that they were not good enough for their shareholders and the company itself. What makes u think that they have not received the extension. I believe they have but they cannot say it out in the public as it is sensitive price announcement and it should be announced via the asx as formality. This is what they did last time about US extension.

Dr Beattie:
CNP have admitted that should the extension not occur, other debts would be triggered and CNP would have to enter into administration. From there, would be looking at a liquidator sale with shareholders left with nothing.
So - where is the upside people? Why will the share price run on Monday? The Dow and general ASX mood is not affecting this stock at the moment - it is its own beast. So the strong result on the Dow wont help.
Sneider:
So the extension is offered as believe and ure argument is baseless..

Dr Beattie:
I see big potential for investors getting spooked from what has been written on the weekend and dumping the stock.... With prices to fall into the 30's.
Sneider:
Please refer to sneiders announcements for short, mid and long term prospect for the company.

Cheers...