Normally I hang in there but today I decided to bail with a...

Normally I hang in there but today I decided to bail with a significant loss (about 80% of what I had in there).

I salvaged 20% (6c a share).

Unless there is a miracle (possibility 3) here is how I see it.

1) no agreement between shareholders and the other $1.5Bn junior lenders to share the $100m between them: Liquidation and no-one gets anything apart from the liquidator.

2) agreement between the parties and they share the $100m: Shareholders will get somewhere between 0c and 10c. But the junior lenders are owed $1.5Bn.......

3) something else happens. Value of CER goes through the roof rendering CNP technically solvent again or something similar. Dont think there is enough time though.

Good luck to anyone who hangs on. Wish I had bailed sooner. And there were many posters (Nursery was one I think) who consistently and clearly told us.

Thats life.

Ah well, now that I am out of it, who knows, maybe the miracle will happen.