Its amazing what a journos article will do to the SP of a company already on the negative.
have to ask yourself why the article was written.
is it so he can get a pat on the back??
They may or may not have met with ASIC but who really cares.....I would expect this to happen here anyway.
You have a major holder reducing its stake over the past few days and daytraders getting taken out in droves along with the selldown today.
This obviously adds to the pressure on the SP and reading through some posts the negative has increased as the SP drops which is normal human nature.
People are saying why doesnt the company disclose what its doing more often.....i personally think it has.....it has explained what its doing......looking for interested parties to find a solution....with professional advisors steering the ship. The company doesn't need to make a statement every time the SP drops...why does it??
it has until Feb 15th to come up with a plan....not have everything sold and paid back.
Ok no one likes a falling SP its no good for anyone......to me nothing has changed apart from the SP....is it a good sign of the future of CNP.....maybe not.....but what happens is the negatives of burnt holders/buyers and funds managers turn extremely negative very quickly.
Im not saying that this will end in tears or work out well.....but today looked like sheep to the slaughterhouse....and I bought more on close today.
if it was all bad the SP would be more like 20c by now.....it isnt.....so again i listen only to the centro anns and not some journos newspaper report.
How does ASIC meeting with Centro...if true....change their debt positions or assets.
This is very high risk...make no mistake.....and what is it worth is hard to make a clear judgment on....but Ill go with the punches and see what happens.
Ive done alright here so i guess it doesn't bother me perhaps as much as others who've lost a bundle....and i do feel for those people and im sure its many.
heres to a better day tomorrow.
cheers
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
