CNP 0.00% 4.0¢ cnpr group

cnp survival, page-21

  1. 292 Posts.
    So, many of you here know more than Gottliebsen huh?

    "At Centro Properties most of the $4.5 billion owed to the banks is unsecured and, given the tough conditions in the property market, the Centro banks are relying on the value of the shopping centre management contracts to be paid. If receivers are appointed to either Centro Properties or Centro Retail, then those management contracts are worthless and the banks can kiss their Centro money goodbye."

    I know whose last rites ceremony I'll be paying attention to, and I can tell you that they have the seemingly rare power of correct spelling and vaguely recognisable sentence structure...
 
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