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

Bank syndicate would never pull lines ahead of merger

[Roxy27]

It's rediculous to state the idea that the current banking syndicate would pull financing ahead of a viable merger. A purchaser that has already raised equity capital and adjusted borrowering to allow for the merger.
Pullling the borrowing lines ahead of a material decision date would open them up to lawsuits, its just not what they do. I am not aware of any known situation of bank lines pulled ahead of a viable, approved merger. 
These are the same banks that represent equity holders, debenture holders and have and will make money from capital raises and securities trading following the acquisition.
Pure deranged nonsense to state otherwise.

Shut out the noise and keep your eye on the game plan.

[Kherson]

No one has stated that the banks are threatening to "pull financing". The problem is that Canexus may not remain liquid under the present financing arrangements, therefore they are asking to have those financing arrangements eased! What those of you who hold Canexus need to ask yourselves is why has the CFO stated on the C.C. that he is asking for extra liquidity equalling of about 25