TSX:CUS.DB.D - Post by User
Post by
Khersonon Jan 09, 2015 2:33pm
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Post# 23303141
Management and the BOD are the problem here...
Management and the BOD are the problem here...Some really interesting debate on here lately about the fiasco that has consumed Canexus. I still maintain that management is the root problem with this company and until they are replaced, starting with the CFO who keeps selling his shares, the situation will only get worse...
The last time that I talked to IR, the lady told me very clearly that the company has lost the trust of the market. Who exactly lost the trust of the Market for Canexus, well the management of course!
Blunderheim has been a disaster from day one and still is a financial liability for the company. But instead of management being honest from the get go, they have been purposely hiding the truth from the Market, although someone did receive advanced information of the most recent NR, hence the big drop in share price the day before...
If management and the BOD were truly intent on turning the Canexus ship around, they would not be paying a dividend that has resulted in a 500% payout ratio...
Kherson