No idea, I think it will trade now between $1.10 and $1.50 or so until there is more news - either a deal being done in which case we see $2 plus or else a trading halt and then lights out. But I think the former, creditors best outcome is to see the company trade its way out of the situation and sell some assets in an orderly manner. There is no reason that can't happen unless there are as many panic merchants within CNP and the lenders as there are on Hotcopper!
We are really seeing some FUD tactics played on hotcopper today. Of course there is a lot of risk but posts like zen_machine's and top-picks ("trading while insolvent") are deliberately mischievous playing on fear.
CNP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
