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

The Great Hydrogen Caper...

[Kherson]

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

[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&

[leo101]

kherson makes an excellent point. hydrogen is the new hype promotion, last year at this time che.un was pumping something do with covid protection.

[PlowJTrevor1]

This post has been removed in accordance with Community Policy

[Malache]

This post has been removed in accordance with Community Policy

[onetrueking]

Poor old Tinkerbell wakes up crying and goes to bed crying over thumbs up.  Try to focus on getting sober and out of the homeless shelter. But there are only two chances that Trevor sobers up and slim left town a long time ago.

[MohamadJ5]

[Joe455]

Leo nailed it. Just anther flavor of the month promotion.

[PlowJTrevor1]

This post has been removed in accordance with Community Policy