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

RE:RE:RE:August 11th BOD Meeting...

[Kherson]

leo101 wrote: kherson, if it doesn't seek ccaa protection at the end of the month will you give up predicting bankruptcy?

I still believe that Canexus will be seeking CCAA . Exactly when has been harder to predict than I initially figured because the company's quarterly financials are unaudited.
Yes, I believe that Canexus is suffering a bad case of creative accounting!
If no new financial deal is hammered out by this Wesnesday, then Canexus will have no choice but to seek CCAA protection in September.
Laugh at me if you like, but remember I was the only one who stated early on that the merger would not proceed!
Kherson