the price decline ATM probably has more to do with setting a price for the debt for equity swap.
All this scare-mongering about CBA and provisioning has played very much into the short-sellers hands.
Various references in today's AFR leave one with little doubt that the debt for equity is going ahead simply because there is no better option. The BIG question now is..... at what price will equity be offered to get this deal away????????
CNP Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held