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

RE:RE:RE:RE:Violation of the External Communication Policy

[6milli]

Kherson wrote:

Calgaryrider wrote: Normally, these road shows are not consequential to the investor.  Not at all.  They deliver old news and try and build steam with it.  That's what was on paper (the presentation/slide deck).  So, normally, I don't care about when stuff is posted.....the timeliness is not consequental.

However, the words that Dougie spoke and the questions he answered WERE very material in that they provided new information.  If you're even pretending to be a CUS investor (like me, no don't own a penny yet), listen to every word Dougie said very clearly.

Dougie clearly said:
- CUS messed up. 
- He doesn't see CUS getting a return anywhere near the $525M in Capital invested on NATO.  They "might" have got that at $100 oil.  Not even close in this environment. 
- Despite this, they are considering every offer to help them shed the NATO asset.  The majority of interested suitors are midstream companies.  Only one interested E&P company exists.  That might be Imperial (that's my guess).  Others simply don't have the balance sheet that they do. 
- Keeping NATO is clearly NOT the long-term desire of the company.  If they can shed it, they will. 
- They could sell chemical-based assets, but CUS has no real desire to do so unless they are forced to do so.  Their long-term want is to shed NATO and just get back to be a chemicals business.  He was very clear that NATO has been a bad chapter in CUS's history and, if he can get anything other than a bag of pucks for it, he's willing to wring his hands of it and move on.

All this stuff is highly material, so the audio portion of this really did matter.
It is a clear indication that CUS is willing to take a bath on NATO and just to get back to basics.

I wouldn't be surprised if CUS is required to do a massive write-down of the NATO asset on the annual (2014) books as part of their Q4 report.  They essentially HAVE TO based on what Dougie said.  This will make the company's EPS look just so terrible.  [An accounting trick.]  Probably drop the stock 30%-50% and allow me to buy at $1.50.

Those already invested, if you're thinking of averaging down to save your bacon, I suggest you still wait.  You have nothing to lose.  There is more pain around the bend in the tracks.

Calgaryrider, you are scaring the present Canexus shareholders with the truth. Folks like Ocean112 and his handlers can not deal with the truth...
Just maybe Canexus will indeed get $525 million for Blunderheim, then again, maybe not...
Material Information is not a term very well understood by Canexus...
Kherson

If they get $525M for NATO, the stock is worth like ~$7.50 (subject to various assumptions...)