CNP
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  1. buffett
    3,298 Posts.
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    17/09/08
    10:45
    Post #: 4275233
    Coppertop 137,
    Assume conversion price is 10 cents. Remember banks get to call conversion factor, while CNP shareholders vote on it. Shareholders have not option but approve or else.
    Scenario even worst if convertible notes involve 2 billion of debt.
    Regards
    Buffett
    CNP Price at posting: 9.2¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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