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

RE:Let's get ready for a huge rebound !

[HAWK37]

Actually its still very overvalued. Trades at 9 times 2015E cashflow (an OPTIMISTIC $100 MM). As a NON-Dividend stock, it should trade at 6 times. Investors aren't getting paid to hold this stinker anymore. Remember, now you have to adjust cash flow estimates for losses at NATO ($10 MM) and Rich's severance ($3 MM). If this stock were a yoga pose, it would be 'Downward Dog'. RH