short trem speculation, page-14

Apples,
A lot has changed since CNP was 24 cents. At that stage CNP were looking for a straight forward refinancing extension (would be happy to hold in those circumstances). CNP ASX announcements raised possibility of Debt for equity, not me & from that day the share price tanked!
In the very near future I will sell into the speculation pre refinancing extension announcement because I see may better risk/reward opportunity than being involved with a debt for equity swap in CNP.
I love the CNP assets, but I think it is very unfortunate that CNP may even have to think of a debt for equity swap just to get some refinancing & a future. Not for me.
Regards
Buffett
PS If a 2-3 year fair extension were granted that would be a huge win & I would want to be a holder.
Remember its now about jobs not shaholders (owners).