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

RE:RE:uograd

[Kherson]

uograd wrote:
Can you be more specific?  Am I lying about management knowing a heck of a lot more about Bruderheim being late and over budget and not telling us?

Am I lying that the guys who bought the stock at $8.45 in June are piffed?

Am I lying about how bad this quarter is going to be?  Have you not been reading what others in the financial post etc have been saying, not withstanding the brutal cold weather that will also crush earnings?

Am i lying that i think there is no question the dividend will be cut.  Do the math.  add in all the shares from the last placement and walk through what our total payment ratio would be at this number?  It would be well in excess of 120% maybe 150%.

Am I lying that they are going to shut Bruderheim down for at least 90 days to try and finally get the fricken thing finished. Where is reveneue to pay next quarter's dividend going to come from if your major asset is completely shut down?

Am I lying the President got canned with no replacement ready to go?

I didn't cause the stock to drop from $9.00 to $4.60 but I have certainly noted the reasons why.

Great post my friend. But most of the posters on here don't want to even acknowledge the sad facts about Canexus at this point in time. I have been saying much the same thing as you and all I get back is personal attacks from certain posters. Canexus is in deep financial trouble at the moment and the dividend is no longer safe.
Management and the BOD knew of the Blunderheim problems long before they informed the markets. The Market no longer trusts these clowns...
Kherson