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

Canexus speaks.

[phoenix_trader]

2014-12-04 17:21 ET - News Release Mr. Doug Wonnacott reports CANEXUS PROVIDES UPDATE ON NATO SALE PROCESS AND DECEMBER NOMINATIONS Canexus Corp. confirms that the announced disposition process for the North American Terminal Operations (NATO) crude-by-rail facility continues on schedule despite recent commodity price volatility. "Notwithstanding the recent turmoil in the energy markets, we continue to see solid interest in our NATO crude-by-rail facility at Bruderheim from a number of North American parties," stated Doug Wonnacott, president and chief executive officer of Canexus. "Definitive offers for the potential purchase of NATO are to be submitted to Canexus in the back half of December. In addition, nominations from our customers for the month of December are at our expectations." Canexus will be reviewing definitive bids after they are received; however, there is no assurance that any of the definitive bids will be acceptable to Canexus or, if a transaction is pursued, that it will be completed.

[wingshots]

Nice!  About time we got an update!   Maybe this puppy will go up after the banksters busted everyone's margin.

[MOJOJONO]

Is it me or do some of these CUS articles seem vague.  Like a little detail missing. Anyways, we'll see what number of nameless bids come out in the "back half of December". And what are their expectations for December? It can be promising... or... not?

[MOJOJONO]

"... Certainly optimistic at this stage ... We're certainly not a distressed seller um and uh if we do not see adequate value for this particular asset, we'll postpone the uh sales process and uh continue to operate the business safely and efficiently until we believe it's an advantageous time for a second sales attempt." - Doug Wonnacott, President and CEO answering analyst