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

25% holders rattling the cage

[phoenix_trader]

But PR's say 5% holders, some ones fibbing........................Since Chemtrade's initial proposal on Sept. 13, 2016, Canexus shareholders have publicly urged the Canexus board to engage with Chemtrade. One of these shareholders stated that its view was shared by shareholders representing over 25 per cent of the outstanding common shares. On Sept. 21, 2016, a shareholder owning over 9 per cent of the outstanding common shares requisitioned a special meeting of shareholders to replace the current members of the Canexus board with five new individuals. "We are disappointed that the Canexus board continues to refuse to engage with us. Only a year ago the board determined that a sale of Canexus was in the best interests of Canexus and its shareholders," said Mark Davis, president and CEO of Chemtrade. "We encourage the Canexus board to engage in constructive discussions with Chemtrade so that shareholders can benefit from the opportunity to receive fair value and liquidity in a fully funded all-cash transaction."

[phoenix_trader]

Yeah but "All Cash" is worse than Superior's stink bomb. How about an opportunity to share in the upside....Can't help but notice the recovery in the Coal business, Teck has quadrupled. Look CUS is now for the first time in years well funded and has great bank lines with limited Capex..... Why rush!!!!!!!!!!!!!!

[Kherson]

First of all, Canexus is not well funded! The money recently raised is going to pay down debt and cover the MEG lawsuit, for starters. If present shareholders want to share in any supposed upside of a possible Chemtrade/Canexus merger, then simply buy stock in Chemtrade! Kherson

[phoenix_trader]

Kherson gets it wrong again... This guy is clueless..............................Canexus said that MEG has "no legal justification for its refusal" and is seeking to enforce the terms and provisions of its pipeline agreement to allow it to immediately complete and commission the tie-in. Legal action is being taken to protect its NATO business, it added.

[mattmckenzies]

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[Kherson]

The problem is that the Market can not trust what Canexus says as being true. Just look back on the whole Blunderheim fiasco. Now they also have an ongoing lawsuit with SPB, the same company who initially wanted to buy this disaster until they saw the books. What folks seem to forget is that Canexus has a book value of less than zero. I will agree that Canexus has some great assets,

[mattsmackenzie]

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[mattsmackinzie]

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[MattMckienzes]

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[bigtunamoney]

maybe Kherson is being paid to post his nonsense

[MrMckensie]

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