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

RE: Big up day

[Kherson]

dudsywow wrote: Hey Kherson, Cormark put out a report today very positive on SPB and expecting the deal to close in the second quarter.  Maybe you better get ahold of the guys at Cormark and also set them straight.

At least you will have someone to cry with if the deal does not go through! Ask yourself this Dud, why did Canexus have a good day on the Market? Is it not due to the fact that SPB had a good day?
Secondly, why are SPB shares going up in price? Is it because the market is happy that SPB is willing to take on a huge debt and give a big bunch of it's liquidity away to acquire Canexus who is in reality already bankrupt, or does the Market believe that the deal is off and SPB will pick up those Canexus assets after Canexus seeks CCAA protection?
Now might actually be the time to short Canexus because it's book value is Zero!
Kherson