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

RE:RE:RE:RE:RE:RE:RE:RE:RE:3rd Quarter Results...

[dinosaur13]

Just so I am understanding correctly: CUS holders with an ACB of $2+ should wait 3 years for prices to recover from ~$1.30 to "maybe" $1.70 with current management, rather than vote yes for the deal and get ~$1.60 in 6 months? Gotcha.

Why not take the deal, keep the SPB shares, collect your 6% dividend, and enjoy a larger more efficient company? Or sell your new SPB shares and put the money elsewhere for 2.5 years? There is nothing stopping existing shareholders with a high ACB from purchasing at current prices, and voting yes for a short term bump (they have until Nov 10th to do this). 

I became interested when CUS was trading at a significant discount to the SPB take-over price and wanted to find out more. Purely in it to make money, no warm and fuzzy feelings towards either company. The shareholder vote will be a non-issue in my opinion (for the reasons I've stated previously), but I think the possible regulatory issues are what has been weighing on the share price.