Believe the next fortnight will see some short term speculating in CNP, but as I mentioned on the other thread today no HC poster wants to discuss Debt for equity swap & its consequences. As I said before try 1 billion debt converting to equity at 10 cents per share, just as a sample. For those that can't do the calculations & only want to argue its great CNP survived, please remember this post in January. Happy to discuss D4E, now chairman has even mentioned the possiblity that existing shareholders may suffer heavy dilution to their holdings at AGM, but please post your calculations to justify your argument. This should be a debate based on numbers of shares & net assets per share, both pre & post dilution. Regards Buffett
CNP Price at posting:
6.7¢ Sentiment: None Disclosure: Held
