I think CER would have had a capital raising already if it...

I think CER would have had a capital raising already if it weren't for CNP not being able to participate.

Also when other REIT's have done so already the fact that CER is waiting because the major shareholder can't participate puts the directors in a difficult position.

CER directors must raise capital to reduce leverage and ensure debt commiments are met. It is their fiduciary duty. They cannot take into considerstion the dilution to CNP because CNP can't participate. Also it shouldn't be a consideration that the loss to CNP with it's investment in CER falling after a rights issue it can't participate in will probably be fatal to CNP.

Directors have a responsibility to CER not CNP. And that is what I don't like about this stock. The CER directors have always and still act in the best interests of the shareholders of CNP.