a possible scenario

I am hoping an extension or d2e swap is agreed upon and Centro is indeed a phoenix that rises from its own ashes.

However I have a bad feeling that, while the majority of lenders have cooperated with management and support their proposals, the Commonwealth Bank or other lenders that have predominantly secured loans are holding firm and favourable positions in the negotiations that other lenders will not accept.

I suspect that Glenn has been rushing back and forwards between parties trying to bring lenders together.

I am concerned that an agreement may not be reached for a long-term extension and that current management will do on Monday what the Allco management did and simply call in the receivers.

Centro have stated that another short-term extension beyond December 15 is not acceptable.

Is it humanly possible for Glenn to get so many separate parties to agree in such a volatile and desperate economic times?