Going for a new thread here.
I would like some discussion about the worst case scenario and likely outcomes as far as us lowly HC's can see it.
CNP and CER still own a tonne of property jointly or syndicated or structured in some way.
We have also had ample discussion and there seems to be a consensus among investors that IF CNP goes down, CER will more than likely survive.
If that was exactly the case and CNP goes down, how does an administrator/liquidator effectively sell half shares hundreds of properties? What say does CER have in this? Does CER have first right of refusal?
I think this possibility just makes it even harder to take down CNP....and from a banks point of view they would effectivley need to take both CNP AND CER down or none of them at all in order to effectively recoupe their funds, despite the fact that CER is obviously a less-risky proposition.
Has this been discussed at length before? I don't think so.
Thoughts?
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Going for a new thread here.I would like some discussion about...
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