good post 2icyou seemed to be spot on with cmrand I bailed as...

good post 2ic

you seemed to be spot on with cmr
and I bailed as result
hope your right about this one

just wondering if you come up with same figures

prewritedown
assets $7.2bn
liabilities $1.8
equity $5.4

assets writendown by $2.3bn

assets $4.9
liabilities $2.2 (increase $400m)
equity 2.7


bookvalue 87c

I reckon your right about the chinese putting in a bid at just below asset values

they however haven't completed due diligence (I think that is the term) and bid is conditional on them not finding anything else before Feb 23