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

RE:RE:Blunderheim...

[Kherson]

LegoGuy wrote:

Kherson wrote: If Canexus can not or does not sell NATO, their idea on becoming a pure-play chemical company goes out the window. I also wonder if bidders for North Vancouver are factoring in the dire straits that Canexus is now in over their Blunderheim investment...
Kherson

I think we can conclude that nobody is buying Blunderheim anytime soon. Or North Vancouver. In March on the conference call Wonnacott said they were in 'Stage 2, Deep Dive Due Diligence' on both processes which I guess is CanexusSpeak for 'we don't have any bids' just like 'meeting expectations' means 'we are not meeting expectations' (December NR).

The fact is that if anyone was serious in buying Blunderheim, Canexus would not have put N. Van. on the market!
Lego, you bring up the point about the lack of insider ownership wih Canexus. That is a very valid point, but what is even more disturbing was the large insider selling last year...
Kherson