Ann: CER new Smartec proceedings , page-2

I have an idea. Cnps secured debt holders appoint a receiver, take possession of all cnps assets including the $100m that was earmarked for all parties junior to the secured creditors.

Larger slice of pie for secured creditors and management don't have to put up with shareholders who don't understand the meaning of $1.2b neg equity. Their argument is as valid as a titanic passenger arguing how the deck chairs should be positioned