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

Chemicals Specialty Chemicals


TSX:CUS.DB.D - Post by User

CANEXUS CORP 6.5 PCT DEBS > Conv Debt Balance Sheet Calculation Finalized
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Comment by Calgaryrideron Mar 12, 2015 3:53pm
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Post# 23515370

RE:RE:RE:RE:RE:Conv Debt Balance Sheet Calculation Finalized

RE:RE:RE:RE:RE:Conv Debt Balance Sheet Calculation FinalizedBlue, good post.  Just to clarify, it wasn't me doubting how the convenants are set or how they figure into debt. 

Debs are debt, but they are entirely subsidized by the shareholders.  To say there is no liability is incorrect.  There is....to shareholders. 

My point was merely that this entire discussion is only relevant to the solvency of the company which IS NOT an issue AND that debentures terms are only relevant to the Shareholders, not bond (sr. secure debt) holders.  Debs hurt the shareholders in this situation.  The bond guys couldn't care less.

Anyways, we'll see in a few minutes here.
Y'all ready?

Good.  Luck. 
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