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

25 millions

[mo1975]

i wonder if someone will be  asking Wonnacott when he  is expecting to received or pay  his 25 millions during the question period...

[Kherson]

Good question! The BOD will of course be discussing the $25 million on Thursday because it is now such a big piece of the puzzle for Canexus to possibility remain solvent. Win, lose or draw, the $25 million has become the centre of interest. The important questions to be answered are not from the CC callers, but from the Bankers as they now realize that Canexus is bankrupt, since their equity

[mo1975]

a net loss of income of over 1/2 billion in the last two years... that puts a company right at the bottom and you are going to give long term incentive to those same people that put it at the bottom?????   this cannot go any further down than bkrcy so any long term incentive or short is completely rediculous as there are only two way out for cus ... 1- bankrput  2- hang on and eventually

[Kherson]

Simply put, the management of Canexus is over paid! Hopefully, after today the BOD realizes this... Kherson

[leo101]

kherson, wouldn't the debentures be trading at pennies on the dollar if canexus is indeed bankrupt? 

[bigbear4511]

Kherson must be salivating in anticipation of the financial earnings coming out. Probably thinking they should have been posted by now.