Well thank heavens I don't hold them at that sort of average.
Anyway, re this debt for equity: some people have interpreted it as meaning if the debt is paid back within the 3 year time frame, there will be no equity held by the banks. Obviously unlikely.
Someone else is saying because they do hold 90% equity now, they have a right to take the last 10% from small holders like ourselves.
My understanding is they will now OWN 90% of the company and CNP and CER will keep paying back the interest at probably 10% or whatever so the banks will have a huge win in every direction. In a few years' time when the financial crisis is over, the value of the land and centres will be enormous. The share price then would reflect that.
What do you think?
CNP Price at posting:
8.6¢ Sentiment: Hold Disclosure: Held
