so what next, page-5

Debt for equity will be bad for current holders and perhaps not possible as there will be too many shares to fund the $9 billion debt when current market cap is only $233 million.

In Australia property pricess are slowly rising and Centro has had a few good sales. The goldcoast centre is now on the market. In the US the property market is stagnant but not going down.

There are no debt repayments for a couple of years I think. So if CNP somehow survivesw on debt for 2 years and property prices rise and economies in the US and Aus improve, the Asset Revaluations may increase by billions and consequently the SP will rise. If we can then sell some properties at good prices and pay debt and if the SP rises to a market cap of 1.5 billion, we could have a huge share placement.