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

CEO out and Finanical results

[dask]

it is tempting to add to the current postion at thiese prises however while all the speculation is the the quick termination of the CEO, there must be something else to trigger this thermination, on March 14th the CEO was to host a conference call re the financial results.
Maybe it prudent to see what the finanical results will be!

[itsalie]

being prudent often means you missed the boat.. I waited too long to by uranium stocks.. being prudent I guess, waiting for an announcement from japan maybe.. well that shipped sailed cco is up 40% dml has doubled.. sadly I just watched it. I think all the dad news is priced in.. and I don't really get the ceo's departure and a 10% haircut..

[shambano1]

this does not look good  and considering the last surprise news about the company's capital expenditures being way over budget, I'd stay clear until financials come out. CEo's just don't leave with due cause. trend lightly

[itsalie]

it might be quiet simply they fired him for the overcosts.

[shambano1]

why would the BOD fire a CEO just before q4 report is going to come out? it's not to save money, it's to stop a mass revolt when the numbers come out, especially if there are some questions regarding cost over runs. I think the BOD are just trying to get ahead of angry shareholders. I think this thing is going to be messy but that's just a gut feel, I sold my shares before this and

[itsalie]

read this. https://www.bullfax.com/?q=node-oil-rail-gathers-steam-new-capacity-comes-line and this https://www.bullfax.com/?q=node-new-surge-oil-rail-boom-pipeline-uncertainty-takes-hold then maybe rethink your position

[hawk35]

There is no good time to fire a CEO.  RPL.V held their earning call and annual meeting. At that meeting shareholder voted the entire board back in for another term.  Two weeks later they fired the CEO.  Lesson ... there is no good time to fire a CEO.  You do it when it is necessary.