Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

RE:The Great Hydrogen Caper...

[my2pennies]

I'm not a pumper, but the simple answer would be the two bolded phrases you've highlighted are two completely different revenue growth initiatives. One that doesn't require capex and will generate future revenue (awesome!) and the other that hasn't been announced yet (the portion of the $70MM that will go to capex).

If your trying to scare off thick skulled investors like me, you're gonna have to present your point a lot better than posting something that convoluted.

Kherson wrote: On March 3rd 2021, Chemtrade announced their $70 million Bought Deal Equity Offering and stated that the proceeds would be used as follows;

The net proceeds from the Offering are intended to be used to repay outstanding indebtedness under the Fund’s existing credit facility and for general trust purposes. The Fund expects to draw on its credit facility in connection with future organic growth opportunities, particularly in ultra-pure sulphuric acid and water chemical products and the monetization of by-product hydrogen in the electrochemicals segment.

Now, according to the First Quarter conference call transcript posted on Chemtrade's website just yesterday, Scott Rook made the following statement;

In Q1 we announced a deal for one of our small chlorate plants that requires no capital investment from Chemtrade and will start to have significant returns starting in five years.

Maybe one of Chemtrade's paid pumpers could explain the above discrepancy to not only me, but also to the Market as it looks to me like the March 3rd News Release is misleading!
Thanks,
Kherson