Kherson wrote: phoenix_trader wrote: You do deserve a thanks for alerting us to this presentation, and to Ocean for posting the transcript. Obviously your burning hatred does not allow for any objective analysis. This is all about cash flow from the legacy operations supporting NATO through a sale or hold process. I have asked twice for your thoughts on cash flow for 2015, but you refuse and launch your diatribe again and again. Exactly what useful purpose do you bring to this board?
What I bring to this SH board is something severely lacking, which is the truth! Blunderheim has been a disaster for Canexus for the last year, at least, yet only recently are we learning of the true extent of that disaster. Canexus will never recoup their full investment in NATO and as for any positive amount of cash flow from Blunderheim. you can forget about it...
If you think Canexus has such a great management team, then ask yourself this, why have some of them been selling their shares? Why aren't Insiders now buying?
Why were investors kept in the dark for two weeks concerning the prevention of the tie-in on August 20th of the Cold Lake pipeline to the MEG pipeline, which only now we are learning has been argued before the courts and the company awaits a decision? Speaking of the legality of the tie-in issue, how ethicial was it for the company's General Counsel, Diane Pettie to sell her shares just 8 business days before the scheduled tie-in? Did she know of potential issues that would prevent the scheduled tie-in?
Why does Doug talk about having to change the culture of accountability at Canexus? Is that not proof of long standing management problems at the company?
Why wasn't Doug's attendance at the Whistler Conference posted on the Canexus website?
Why has the BOD allowed such a high POR (over 100%) to continue for so long?
Why were investors kept in the dark of the cost overruns at Blunderheim for so long? Only this week has it been explained what really happened as to why the project got out of control.
Speaking of objective analysis, the guy who I do believe knows somtimes about what he is talking about (Nawar), dropped Canexus like a hot potato once he realized the full extent of the problems at Blunderheim. Some clowns were stating that they felt that Blunderheim was worth 600 to 700 million dollars, but I highly doubt that Canexus will now get even $400 million...
Finally, if Canexus does not sell Blunderheim, what exactly is plan B? Anyway you slice it, the dividend is history...
Kherson