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

RE:RE:RE:RE:RE:RE:news for nato

[ocean112]

so wouldn't they cut the dividend by 50% if NATO doesn't sell as another option - freeing up $35M to pay the interest expense and ride this out instead of declaring bankruptcy.  I mean,  bankruptcy is a measure of last last (last) resort would you think?  

It seems to me CUS has options for a NATO sale or no NATO sale to manage debt.  The fact the banks relaxed the covenants shows they are not worried (so neither should I). 

Also, if a penny stock generates $100M in stable EBITDA from the chemicals business, i'll mortgage my house and buy up the entire company if it falls under $1.00....:-)