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

what are the real reasons

[mo1975]

Here is a scenario......
in september stirling opposed the issue of 75 millions additional notes citing dilution of the companie.. this was backed by 25 % of share holders (perhaps edwards and stirling and a couple others... 
in september chemtrade offered 1.60 if cus did not issue those notes
in october cus issued 110 millions of note diluting the value to chemtrade
since then edwards and stirling have added to their position by over 7 million shares at a cost over the chemtrade offer of 210,000 $ ( small amount to increase their control over cus)

The board that stirling wants to replace is voting not to engage with chemtrade..

Is stirling and edwards against  Chem offer or do they want to negotiate talks and a higher potential bid????

[Mattsmackinsze]

But Kherson with all his great investment skills says canexus is worth less than zero ? Kherson does have an amazing track record... to bad its in only buying companies that go bankrupt. How is it possible to be that bad at investing ? A monkey throwing darts could have drastically outperformed Khersons returns. I just feel terrible for his mother, losing everything because her son was running her