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

November 14th News Release

[Kherson]

Looks like Rohit forgot to proof read the NR before releasing it. On page 6 of the NR, the actual distributable cash per unit for the 3 months ending September 30th, 2022 is $0.75, not $0.25 as published.
Kherson

[bttmfischer]

You are correct Kherson. Is that the only anomaly you found in your review of the report? I am also curious about the weights being used to determine the average units oustanding, used to determine the distributeble cash.

[raybay_98]

"Is that the only anomaly", no, IMO, the other anomaly is it's a POS as usual!

[Red_Deer]

So are YOU Trying to OUT DO Kherson eh !!!!!!!!  ??????

[Kherson]

In my opinion, the real problem with the accounting side of the Trust are the metrics that they are using for Non-currect assets. Investors should be taking a close look at "Other assets" and "Intangible assets". Kherson

[biketrader98]

Good point!  Intangible assets dropped in latest quarter from 586M to 557M yet the debt ratio also dropped.  Thanks for pointing out the good news hidden here!

[Kherson]

Sadly biketrader, you have clearly shown us that you can not read a Financial Statement as the Intangible asset number that you quoted of 586M was actually from the year end FS of 2022, which is 9 months ago, not 3. Good try though biketrader. Too funny... But I will give you another shot to look knowledgeable to our fellow SH readers. Can tell us exactly what these Intangible assets consist of