defabs or nursery help!, page-5

Haiji

If CER has disposed of its interest in SuperLLC for no consideration:

ie - we took on CNP's negative equity in full or
- no recaptilisation plan to take advantage of CER's 25c equity in Super

there will be carnage!

CNP better be paying off its own debt in Super from the $9.4b generated from the sale without having to rely on CER's equity as the shortfall.

If there is a shortfall, CNP's SuperLLC lenders should be doing a debt for equity in SuperLLC to appease its interests, which will also preserve CER's equity of 25c in SuperLLC!!!!

This is a view I feel strongly about

If we have been stooged over with SuperLLC, there will be carnage!

Cheers