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

Dividend nows needs to be Eliminated

[Kherson]

Canexus now has no choice but to cut the dividend until they repair the balance sheet. What I find odd is that they were not forthcoming in explaining what exactly were the reasons for the cost overruns. More pain to come? Maybe even a resignation or two?
Kherson

[hawk35]

End of last quarter the net debt was 461 million.  It's now gonna be north of 550 million with this new revelation.  Street is gonna hate this especially since they already told us cash flow won't fund the divident until late 2014.  And now management has three strikes against them:  1) unable to manage project dates when they missed the original target date. 2) can'

[bobo2000]

Yes, it is stunning that they seem to not have seen this coming over the horizon. Ironically, I attempted to send an email to their investor relations office and the email link just gives an error message when you send. Has anyone else tried to contact them? This company seems to have gone right off the tracks. You are right in that they failed to explain anything regarding the huge overrun. They

[00STS]

Yes, the email has not been working since yesterday after the announcement.