buffettYour post reeks of unresearched commentary.As...

buffett

Your post reeks of unresearched commentary.

As expected.

'Does this group really think they will gain the support of large institutions/Orbis without some real proof this Chinese Bank will takeover funding?'

Orbis is a CER majority holder.


"The ASX announcement hardly reads as a professional document i.e. very limited details on alternative director qualifications & refinancing arrangements."

Seen worse.

Check their website http://www.cnpsa.org

It's all there in kings english.

"Current refinancing proposals by banks is based on the way current directors & CNP senior management have handed the situation so far, current banks could easily withdraw their support if a newly elected group of directors tried to change the existing arranghements."

Current banks new that directors were on the way out.