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

RE:RE:friday nov 4th

[mo1975]

i believe that the debts are greater than the liquidable assests... if tomorrow cus has to sell their assests ( building etc.) there would be nothing left .... there is great value for chemtrade or superior in the fact that there is a large income tax benefit not drawn on that would be transferred to the acquiring company... also they have a good market contract establish... however there is not enough profit coming from them to generate enough profit to take care of that debt.. selling is the best way to get share holder the best value..  stirling and edwards i believe see that but the board is so incompetent that they are screwing everything that comes their way..... in september you could have had 1.60 from chem  and if you sat with them maybe 1.70 but now you will be lucky if they go up by 5 cents that is if they do not withdraw their offer... as for the 110 million s where is it sitting while they wait to apply it to upcoming loan terms?????? and if the loan is for 75 million what is the additionl 35 millions applied to ???? we might know friday

btw that is why kherson says it is worth nothing.... because he does not value the business potential as it is  a non tangible