Ann: Request for Suspension Extension, page-24

100% write off is harsh. Its not guranteed to go under. I think it is appropriate to write off 87% of your investment at this point in time until we find out more.

If you take off 75% right of the bat (because CCP is down that much), I reckon you may even need to half it again from there because of the PDL and accounting trickery. That would mean CLH opening at about 14c. Could be 0.01 - could be 0.30. 14c is my guess