BXI got Cana k'od to-day Those in BXI to-day should get solace from the 66 % drop by Canaco V. CAN from 87 to 29 cents
When you get Cana k’od as BXI did to-day the poster s cry the same song :
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=31067007&l=0&r=0&s=CAN&t=LIST
Don’t expect management to save you. They already got their millions already and they will still get a big fat pay check (part of the $ 650,000 monthly burn) until summer and then they will start another company just like the other Chris did going from burning up Canfibre to BioExx
By the way, I just listened to the CC tonight out of interest and poor accountant Chris is way over his head. His tone spoke volumes. Contrite and hesitant and apologetic. He is clueless in the engineering aspect. Don’t forget he was only to be interim CEO from CFO until they could not find anybody else. Wonder WHY ?
His “interested parties” need education and hand holding how the process works because they have not been around for 15 years
Read between the lines – they don’t yet know how to sell it ! The process may work but CAN IT MAKE MONEY !!
They can not tap equity (over diluted pig) but he expects debt financing ? He screams “we NEED MONEY” What bank or idiot will “lend” when they have NEVER made a dime. (oops share price)
Maybe Greece will lend BioExx money that they borrow from Germany.
They only tell you what they want when they want and when they have to tell you.
For example, in the last call of March/12 he should have mentioned that there was to be another impairment charge from the January and February disuse of redundant equipment and cutback from 5 to 2 days.. If you say he did not know that in March 2012 then he is really out to lunch as to what going on in Saskatoon.
Do you think he will tell you ahead of time when the lawyers are preparing to file…….or halt…or delist
The Bay Street Bullies (& Wall Street) always wins and the Main Street retail dummies/dreamers/gamblers always lose.
It has always been that way they know and we do not – until it is too late
It is sad for the pain of the longs but welcome aboard to the new shareholders (i.e. bagholders)