Post by
Kherson on Aug 06, 2015 7:58am
Destroying Shareholder Value!
Folks, keep in mind that Canexus has to use the monies they will receive from Blunderheim to pay down bank debt as required in their financial covenants, hence the ongoing discussions to amend the terms of the present bank facility. Keep in mind though that if these discussions are not successful, Canexus will be issuing a whole lot of new shares at year end to cover that maturing Convertible Debenture!
With a book value now at 11 cents, Canexus might have to issue upwards of 500 million new shares!
Looking back, one has to wonder why did Canexus pay and are still paying a dividend? As Calgaryrider has alluded to recently, the former CFO gets the award as the worse CFO in Canadian history!
In my opinion, today is still not the day to buy...
Kherson
Comment by
noble13 on Aug 06, 2015 10:12am
Once again, Kherson advice sucks. Price up.
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matmckenzie on Mar 16, 2016 4:04pm
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Mattmickenze on Nov 13, 2016 6:56am
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Comment by
Mattsmackinsze on Nov 13, 2016 11:10am
Wonder how much this Kherson troll was paid to pump canexus when it was at $7.00 ? Time to come clean Kherson, how much money did you lose on Poseidon and AET.UN and PLT.UN ? How much of your mom's retirement money did you lose when you were handling her investments ?
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highmiles on Dec 27, 2016 7:01am
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iawul777 on Jan 04, 2017 10:36am
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Comment by
Kherson on Mar 17, 2016 8:43am
The above was posted August 6, 2015. Now Canexus equity is worth zero and the company is facing the possibility of breaching it's covenants and triggering a default event. What is really strange is that Canexus has not posted their Annual Financial Statements on their website! Kherson