RE:RE:RE:No Hope For CORUS CJR.B - Future Penny Stock Bankers are pretty smart Estevan. This 2.3 billion loan has already been paid down to 1.9 billion after 2 years. That is not bad. They knew all about goodwill intangibles etc as they do this for a living. RBCis the biggest Canadian bank. This is not some obscure bank. They are pros. Like I said before, follow the cash, the cash is there and while under pressure will not go away that fast. In fact if you analyze last 5 years of tv ad declines things are getting better. The recent 4 percent decline is much better than 5 years ago when it was 8 percent. Data is all available in the Shaw public reports.
Once you apply the $150 million debt than goes to 1.750 billion which brings the reduction to 550 million over a little more than 2 years which is 24 percent of the original amount of 2.3 billion. That is pretty good in my books. Remember there are also 5000 employees here.