"It doesn't look good at all for CNP in my honest opinion."
I agree that with above statement. In current situation when there are no good equity injection offers and no good asset price offers, debt equity swap is the best possible option for both Banks and Centro with long term extension. The question now is, how much dilution it will have. For most shareholders at present company survival is most important. I am sure if company survives, with proven business model after reduced debt shareholders can hope to see better days. What choice even we shareholders have at present. Take big loss or trust GR and hope he will do best for shareholders. Everyone here have taken punt, hoping to get a windfall, but it's not easy. everyone knows that they can lose it all.
CNP Price at posting:
0.0¢ Sentiment: None Disclosure: Held
