We need to distinguish between CNP and CER. CNP is basically...

We need to distinguish between CNP and CER. CNP is basically insolvent with negative NTA, bankers may even be prepared to accept less than 100% of their debt (some has already been sold at 50% face value)just to get rid of CNP. If CNP shareholders think they are going to get anything back from CNP sale then their in dreamland.

CER is in a different situation with a positive NTA. Sale of assets, even at book value, would still leave the shareholders with something.

Journos cant make this distinction but shareholders should.