people's republic of centro ..., page-18

Theon:
"This situation reminds me of recent BNB activity with the noteholders... the NZ holders voted down the pathetic bank offer for their notes and put BNB into admin... a lose - lose scenario for everyone, but the note holders won the moral vistory "

Sorry, I don't agree it was a 'lose - lose situation for everybody'.. because the banks still win. Their loans are secured against the assets.

Same with CNP/CER, the loans are made against the assets.

Voting 'no' to the dilution allows the banks to win anyway, and kills shareholders chances.