The article is spot on. I agree that Centro right now based on the information provided is in a better position than it was. It appears $4bill has been tied up on good terms, its the other $1bill that is the killer blow for current shareholders. I am sure CNP are looking at other options where they could make alternative arrangements with someone else to pay out the banks for that $1bill. Or maybe the $4bill security is contingent on that $1bill deal, in which case, its all smokes and mirrors to try and make the deal look better.
Well we have up to another month of uncertainty.
CNP Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
