I thought there was something creepy going on when Robert Tsenin said that no matter what happends to CNP, CER wuold be ok, and CNP sp wasn't moving up like CER sp.
So CNP gets screwed by the banks after a two year struggle not to default saving the banks billions of dollars.
Glenn Rufrano would bave done much better.
I am only a small punter only losing little cash.
Hopefully the junior landers that don't have same entitlment as senior landers will try to get a different outcome. If CNP could keep some of the $100 MILLION and invested in COAL or POTASH since it will become a shell compay with no assets.
Lot of people got let down by Robert Tsenin today, send him to Libya.
BLOODY VULTURES I WOULDN'T MIND SOME KENTUCKY FRIED VULTURE INSTEAD OF PENUTS FOR A CHANGE
CNP Price at posting:
13.0¢ Sentiment: None Disclosure: Held