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

Net loss of $158 million for Q2!

[Kherson]

I sure hope that those of you who are still holding this stock realize just how precarious a position Canexus is presently in!  I find it disturbing that their dividend Payout Ratio is now incalculable as they had a negative $15.9 million of distributable cash, yet paid out $1.8 million in dividends!
Canexus actually lost 80 cents a share this quarter and their Total Equity is now only $20,828,000 as listed on page 16 of the MD&A!
Does that not translate into a book value of 11 cents a share?
Kherson

[Calgaryrider]

Performance of the core chemical assets continue to be mediocre, that be fosho.  This company needlessly took on oodles of US debt to pay dividends for way to long, and now with the erodining exchange rate, they are even more behind the 8-ball.  Again, CFO should've been held up as the worst in Calgary.   Just terrible,   There is underlying value in the company's

[Kherson]