LOL...Michinyon you get shields for ramping too much like me hehehe. No just joking you get one for being a top 10 poster over the last 30 days. I will say though as the debt is mainly unhedged I really can't see the banks closing Centro down. I read it would be the biggest loss the banks have ever taken, sorry can't find that article now but they claimed in the banks histories.
Could you imagine what that would do to the banks in this enviroment even if it was just a big loss not to mention to the ASX the fall out would be huge. Investors would potentially start dumping all stocks with debt issues. Can't see it happening as banks would suffer a lot more than Centro potentially - at least for Centro it would be over but for the banks they would be put under a microscope and every deal done looked at.
It would also mean certain death for other Co's like AFG etc as lenders would be forced into panic mode - am I painting to bleak a picture here? Not meaning too but I can't see any other result of Centro being closed down and lets face it in the current global credit squeeze the fallout will be worst for the banks - really can't see them closing Centro down they will refinance if they have too or no bonus this year...LOL. In the mean time we just have to have patience and we WILL be rewarded very soon.
Add to My Watchlist
What is My Watchlist?