Banks wont refinance after extension over. They will just want there money quick . The only way to get this money quick is firesale and the shareholders losing it all.
Otherwise it will take years and years for CNP to trade out of situation if they can at all.
These banks are now taking a huge hit on shareprice because of exposure to risky debt.
It just doesnt look good. The numbers seem to stack up for CNP but too many other variables are at play. The banks ultimately call the shots.
Can someone please explain the difference here between Pasminco and what happened, to CNP.
I asked before but the silence was deafing.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
