CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

RE:How low will the SP go?

[materialsgirl]

The share price trend is down down down.   Nobody can call a bottom.

In this case there is a real risk of bankruptcy.  The risk is not very high yet but the risk is very real.

Assets include one very big dog and debt is very very large.

If there is no positive news over the next 2 months the share price is almost certain to drift down to under one dollar.  Even then there is no reason to think that this is a final base as the debt holders may eventually take a small loss and get to own the company outright

The sale of NATO may or may not be good news.  If the price is $400m it would be good news.  If the price is circa $200m the reaction might be negative.  One way or the other CUS has no business owning NATO.  It was dumb dumb dumb to have it in the family

I am following the convertible debentures.  They are effectively straight bonds now as they are so far out of the money.  Another 20% drop and I will be tempted by the 20%+ potential annual return and with risk of losing everything near zero

mat