Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

RE:RE:Funding of the distribution?

[Kherson]

sclarda wrote: Kherson  wrote

The scary thing about the 4th Quarter Financials is the fact that all of the distributions paid where from borrowed money. The question now is, are the January and February distributions being funded from distributable cash or from bank borrowings?
For the record, the 4th Quarter Financials were even worse than I had imagined!
Kherson

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Distributable cash for 2019 before the one time litigation reserve was  
$1.32 per unit.   Distributions were   $1.20 per unit.     Aprox.  90% payout.

When are you going to be a man and admit you were wrong on the distrubution cut?

Never thats when.  

Posted February 21st!
I see the same scenario occurring yet again!
Kherson

[sclarda]

Kherson wrote sclarda wrote: Kherson  wrote Posted February 21st! I see the same scenario occurring yet again! Kherson ------------------------------------------------------------------- The same scenario?   Distributable cash of $1.32 with only a 60 cent payout. Sounds pretty good to me. Maybe you should spend less time bashing on the message board of a stock you have hated