"If the merger does not go ahead and CNP go bust , won't the liquidators have a call on CNP's holding in CER and wouldn't that be a direct loss of assetts for no return ?.'
IF I GO BUST THEN MY SHARES WOULD BE SOLD BY A LIQUIDATOR.
The same should apply to CNP. CNP is only a shareholder in CER so the liquidator would then have CER shares to market as part of the liquidatiuon program. They would probably make a deal with the debtors on a debt for equity basis.
That is what I believe SHOULD happen. That is what I believe WILL happen. DYOR.
CER Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
