This is over-simplifying for sure but based on what we know, if a sale was the preferred choice.
Assets is approximately 25% of $26bill = $6.5bill. Short-term debt is $3.9bill (plus whatever longer-term debt they have. So the very best case scenario is they have $2.6bill surplus. However this assumes no more debt than short-term and also that properties are worth what they say (and contrary to belief these were not totally independent valuations). So in the worst case scenario they are possibly worth less than $1bill.
Now considering they need to make short-term decisions, and the ownership structure is quite complex, they could be expected to get less than true value for the whole company. So there could be a distinct possibility that the sale value is less than $1bill.
The current marketcap of the company is just under $1bill. Depending on the situation this could easily go for anywhere between 60-70c and $2.
The current shareprice of $1.10 could be a realistic true value. We need to know a bit more about the financial situation.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held