defabs or nursery help!, page-7

"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!"

Why would the board agree to this if it were to lead to "carnage". Robert Tsensin was very upbeat about CER's short-term prospects. Why would they agree to do business with Blackstone if indeed there was an opportunity to do a more advantageous deal with the hedge funds via a debt for equity swap?