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

Book value was 11 cents a share as of June 30th...

[Kherson]

If you look at what is left for Shareholder Equity in this company, which was about $20 million as of June 30th, and only look at the rate of Depreciation of the PP&E assets, you will notice that the remaining Shareholder Equity will be completely wiped out in 3 months!
So today's BV is about 6 cents a share!
Kherson
Reference: p.38, 2nd Quarter Results

[Kherson]

What has me stumped is the reported value of the Total Assets under the heading Other as of June 30th, in the 2nd Quarter Report! On December 31, the other assets were worth $66.396 million... On March 31,  the other assets were worth $72.058 million... On June 30, the other assets are now worth $125.849 million... So over a three month period, the value of these assets increase in price by

[Kherson]

Surely someone from the Canexus Pump Gang can explain what the actual physical asset was that increased in value by 75% over three months? Can we expect to see another write-up in the value of this asset in 2 weeks time? Kherson

[peterm]

Does anyone have an answer to Khersons question without bringing up the usual ramble about his investment choices/mother etc. These assets sure as hell better not be good will or we're all sunk.

[yoursbra]

My suggestion would be do your own research and D.D. when it comes to investing. Be wary of this Kherson guy, I have not been able to find one stock that he has pumped that did not eventually go into bankruptcy. Cheers

[bigtuna7]

Even if canexus puts the value of all their assets at zero that does not affect earnings, cashflow, or dividends. So its an irrelevant topic as far as the ongoing business of canexus. Never give any weight to the posts of paid pumpers.

[Kherson]

Glad to see that you have come out to address the topic at hand for once through one of your paid aliases Hazel. I must have again hit a nerve for you to address a question poised by me? First of all, I find it funny that you have been trying to sell me to the folks on SH as a paid pumper/basher whereas all along you are the one getting paid! I also find it odd that you would try to hide the fact

[chiefie]

Good point bigtuna. My guess is this Kherson fool is paid by short sellers, pump and dump.

[Calgaryrider]

Does anyone actually do any due diligence on this board? Scroll up four pages to page 28 of the q2 report and you'll see that the increase in "other assets" is all deferred taxes.   With the way the company is run, this is the only asset going up in value....due to all the losses. Guys, please improve this board. Thanks.

[Kherson]

Thanks for that information Calgaryrider. As for the foolishness on this SH board, most of these aliases are by one woman. We can improve this board by reporting this fool for having Multiple Accounts! Kherson

[Kherson]

So the only equity value that shareholders now have in this company are Deferred Taxes? Kherson

[ronstren]

this post from the same tool that was buying PSN at $15 or PLT.UN at $5.00, Teach us more Mr. accountant

[mileshigh]

So by your calculation, canexus has a book value .11 cents higher than your portfolio ?

[timebuster]

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