Holders of cheap shares can thank Terry McCrann for helping promote the dump.
On Tuesday,
"First Centro itself. In a word, 'it's over'."
Today he's IF and UNLESS,
"But, if it can't rollover its debt, it has essentially one of two options. Sell-down enough of its assets to meet debt repayments. Or go into some form of debt freeze/formal administration. Either way, termination.
Unless, of course, it can find a big brother. "
No still wrong Terry, they can sell a fraction of their quality assets to willing buyers at attractive market prices.
Hedge funds buy while you write trash Terry, it's no wonder you write about finance in a celebrity goss tabloid.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held