CNP 0.00% 4.0¢ cnpr group

from wsj, page-17

  1. 1,190 Posts.
    Guys & gals,

    Remember the "under $200m" is almost certainly unsecured according to the 1/2 year disclosures.

    Whoever the hold-out bank is, they will realise fully the implications of what they are dealing with here as will the other lenders. They cannot just take the keys to a shopping centre if they want assets instead. They'll join the rest of the creditors and risk getting nowt.
 
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