Post by
Kherson on Aug 11, 2016 10:12pm
$40,000...
The BV has increased from -$26.61 million to -$26.57 million, a gain of $40 thousand. The bottom line is that Canexus only made $40 thousand bucks last quarter, yet we all know that the BV is still less than Zero.
Keep in mind that Canexus will have to pay back $60 million of the new Bridge Loan in 10 months and that's if the new credit facilities are even approved. Sadly folks, Canexus is not out of the woods yet!
Kherson
Comment by
leo101 on Aug 12, 2016 2:33pm
kherson, can you please explain how you arrived at a profit of 40k when the company says they earned 4 million?
Comment by
Kherson on Aug 12, 2016 5:48pm
Very easy to do Leo. You are talking earnings and I am talking profit. The ultimate metric in value of this company is the change in BV now since CUS does not pay a dividend. Compare BV from 1st Quarter with BV of 2nd Quarter. Kherson
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