OTCPK:ARNBF - Post by User
Post by
iaminvestoron Nov 02, 2012 12:36pm
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Post# 20555541
What about the C$600M from AUG financing?
What about the C$600M from AUG financing? CPG has not shown us yet HOW it will use that cash.
CPG will fund UTE acquisition from YESTERDAY'S financing of $800M as the company says.
So the $600M are waiting for a recipient.......Just to set things straight.....
The company had said that it was for general corporate expenses and bank indebtness (!!!)
Read the AUG press release CAREFULLY folks.
CPG has not any issue with BANK INDEBTNESS as debt/FFO =1 as it confirms once again with the acquisition of UTE.....
So sth else is going to happen with those $600M.....Do not BITE THE BAIT.