CNP 0.00% 4.0¢ cnpr group

trading while insolvent, page-7

  1. 7,809 Posts.
    Now comments like that are very serious accusations Top pick . Be careful .

    Management put it on the record yesterday that they are solvent otherwise they would not be trading .
    The businesses are active, earning, occupied, and anchored . Restructuring is in action with KPMG seniors as advisers and multiple options considered .

    I thought I would check with a builder in Melbourne who works for CNP on large contracts .
    I won't mention his name or his business, so take my word or leave it . You can research the same if you are lateral thinking and don't mind some effort .
    Anyway, this builder said he was very nervous when the news first came out as were others working for CNP .
    He immediately did an invoice for arrears which was substantial .
    The invoice was paid the next morning and hs communication with management made him satisfied and confident to continue contracting for them .

    The company has locked exits from non listed trusts and has witheld a dividend . Rents keep coming in . They have capital and income .
 
watchlist Created with Sketch. Add CNP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.