"Ok Buffet try this one.A convertible note which converts to...

"Ok Buffet try this one.

A convertible note which converts to shares/cash in 3 years at a set rate similar to the Timber Corp or Great Southern Plantations ones. The Trees2 and Trees3 convertiables and TIMPB are all notes which float at a fixed price and then after a set time convert to shares at that same fixed price.

e.g. float at $100 on Dec 15 2008 and convert to $100 of shares or cash in Dec 15 2011. In the meantime pay say 9% interest.

I do have a problem with your notes buffet but not mine!

Mate hybrids are not all doom and gloom!"

Buffet I cut this from another thread when we had this same chat a month or 2 back.

It maybe more appealing to the banks to do it this way becasue it might be easier for them to off load these hybrids if they wanted to sell them quickly then trying to sell CNP shares into this market. They may take a loss but I am sure there will be more buyer for my $100 hybrids then your ratty 10c cnp shares you want the banks to take up.

I recon if there was billions of new CNP shares on the market 4c will look pricey! The banks dont want to be share holders in CNP so my scenario might be more appealing to them if they want a get out of jail asap for the smallest cost.

What do you mean to use real numbers? I thought CNP has something like 889 million shares on issue? Mind you I did not double check! can you explain what you mean?

You are right with on thing buffet they wont swap from creditor to a shareholder and forego interest payments. But then again I never said they would why are you putting words in my mouth?