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"What about dragging cer Down with CNP? Administration of the RE leading to administration of CER?"

That would be a good thing for CER shareholders in some ways because the control would be by an independent administrator and taken away from CNP. Because CER is trading profitably and has satisfactory NTA the administrators job would be to keep the company afloat.

The downside is that the company shares would probably go into a trading halt. When I reentered at 27c I did so even though I can see that the shares will probably go lower but the high risk of a trading halt at any time caused me to get in when I did. If they fall I will catch the falling knife and buy more. Personally I believe that with the asset base and reasonable debt secured against the asset plus the chance of finally getting the CNP monkey off our back, there is valuie now in CER stock for long termers.