CNP 0.00% 4.0¢ cnpr group

reread last announcement again

  1. 2,496 Posts.
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    "In the company’s view, the negotiation of all material terms for the further extensions has
    been substantively concluded (subject to final documentation) with all of its financiers except
    one which is owed less than $200 million."

    just trying to reassure myself for the last time but where does it say here that any of the lenders has walked away?
    It doesn't despite the media putting that particular slant on it.

    All the lenders are in except that there are certain ,material terms to be finalised/negotiated with one of the lenders.

    Also where does it mention 30 days? and the knock back thereof?
    it doesn't!

    seven days was obviously seen as being adequate to finalise the terms with the odd lender and to sign documentation.....surely, not the sort of thing that any CEO would say, unless they already had some verbal understanding of what the final terms were to be. If they didn't then we would be in a trading halt/suspension ala MFS



 
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