patty p, page-2

NTA minus Debt dude... Debt is so bad for Assets... Debt wipes out the asset value because the creditors get first dibs and they sell at what ever they can get to re-capitalise on the loan.

The ONLY reason the banks are extending CNP loans is not due to faith or confidence in the business - it’s due to "What other option do they have"... They are better to float it through the current debt/property crisis and then either be paid their loan back or liquidate at better prices.

This is why it’s tanked from $10 to 35c...

I personally don't like CNP... It’s an all or nothing play.

I think you can find similar med-term upside in FAR safer stocks.

It’s almost like playing against to the absolute worst aspects of the current "Risk Averse" investment environment.

Just my opinion.