defabs, that's very true! One secured creditor can put the...

defabs, that's very true! One secured creditor can put the company into receivership. However, there would be a mile long queue of would be creditors/suitors wanting to lend money to CNP/CER - with its solid portfolio of TANGIBLE assets generating REAL cash flows. Nowadays, there is plenty of money (interest rates in US/Japan/OECD near zero)in this world looking for a good home! You are so right, it is really different now as compared to three years ago!! Those hedge funds (with the collaboration of management)can't move fast enough to rip these crown jewels from its rightful owners - before assets HAS to be revalued VERY SOON!!!