Well of course Centro are looking for a long-term extension. All I am saying is that so close to the rollover date, you would have expected something concrete by now considering (according to apples) they have been negotiating this since July. The bottom line is the banks want less exposure. With the talk of a debt for share swap and the number of banks involved and the complexity, you just don't sit down on the day and say, k everyone lets sign. There are obviously still issues to be resolved so one way to allow more time would be to allow a short-term extension. The other solution is to halt and suspend.
CNP Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held
