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

RE:August 11th BOD Meeting...

[Kherson]

Kherson wrote: Keep in mind that the BOD will need to pin the merger fiasco on someone other than themselves for their brain dead excessive Long Term Incentive Compensation to the management team. Come Friday morning I am expecting at least one soul gone from the team!
Right now, Canexus is in survival mode as those financial covenants kick in at the end of this quarter. They have no choice but to sell N. Van by the end of this month because no one will lend them anymore money.
 Also keep in mind that the BV will still be Zero.
Superior must be smiling at the demise of Canexus as they will soon be seeking CCAA protection.
Kherson

I wonder how those extended financial agreements are coming along. Getting close to the end of the month and no news.
Maybe the Canexus Pump Gang could shed some light on how the process is unfolding?
Kherson
Kherson