"Liquidation Event" means, where proceedings are being taken for a bankruptcy, insolvency, liquidation, dissolution or winding-up of the Corporatio whether voluntary or involunatary, or any other distrubution of assets of the Corporation amony its shareholders for the prupose of winding up its affairs, the earlier of:(a) proceedings are first authorized by the Corporation,or(b) proceedings are being taken by any Person other than the Corporation



Definition taken from CanWest Schedule A Terms and definitions special shares, Sedar filing Dec19,05, Security holders documents English














2005 annual report
On November 18, 2004, the Company completed an exchange offer to exchange a new series of 8% Senior Subordinated notes due 2012 for the outstanding 12.125% Senior notes due 2010, issued by the Hollinger Participation Trust. In the exchange offer, the holders of the trust notes received US$1,240 principal amount of new notes in exchange for each US$1,000 of trust notes. In addition, the Company completed a concurrent offer of notes, proceeds of which were used to retire the 12.125% junior subordinated notes held by Hollinger, which had not been participated to the Hollinger Participation Trust. The effect of these transactions replaced the Company’s existing $903.6 million 12.125% junior subordinated notes (including accrued interest to November 18, 2004) with new $908.1 million (US$761.1 million) 8% senior subordinated notes.
The issuance of the new notes was recorded at their fair value at November 18, 2004 of $944 million. The difference between the fair value of the new notes and the book value of the junior subordinated notes, together with certain other costs of settling the debt totaling $44 million, was charged to earnings as a loss on debt extinguishment.
The new senior subordinated notes include loans of US$761.1 million mature on September 15, 2012 and bear interest at 8.0%. The notes rank junior to the Company’s senior credit facility and are guaranteed by certain subsidiaries of the Company. The notes are redeemable at the Company’s option on or after September 15, 2009. The Company has entered into a US$761.1 million cross currency interest rate swap resulting in floating interest rates on its senior subordinated notes at interest rates based on CDOR plus a margin and a fixed currency exchange rate of US$1:$1.1932 until September 2012.








5 On November 18, 2004, the Company completed an exchange offer to exchange a new series of 8% Senior Subordinated notes due 2012 for the outstanding 12.125% Senior notes due 2010, issued by the Hollinger Participation Trust. In the exchange offer, the holders of the trust notes received US$1,240 principal amount of new notes in exchange for each US$1,000 of trust notes. In addition, the Company completed a concurrent offer of notes, proceeds of which were used to retire the 12.125% junior subordinated notes held by Hollinger, which had not been participated to the Hollinger Participation Trust. The effect of these transactions replaced the Company’s existing $903.6 million 12.125% junior subordinated notes (including accrued interest to November 18, 2004) with new $908.1 million (US$761.1 million) 8% senior subordinated notes.
The issuance of the new notes was recorded at their fair value at November 18, 2004 of $944 million. The difference between the fair value of the new notes and the book value of the junior subordinated notes, together with certain other costs of settling the debt totaling $44 million, was charged to earnings as a loss on debt extinguishment.
The new senior subordinated notes include loans of US$761.1 million mature on September 15, 2012 and bear interest at 8.0%. The notes rank junior to the Company’s senior credit facility and are guaranteed by certain subsidiaries of the Company. The notes are redeemable at the Company’s option on or after September 15, 2009. The Company has entered into a US$761.1 million cross currency interest rate swap resulting in floating interest rates on its senior subordinated notes at interest rates based on CDOR plus a margin and a fixed currency exchange rate of US$1:$1.1932 until September 2012.







Bonds unsecured



Who gets priority under a CCAA filing?
Not all creditors are created equal. Priority typically determines the rank of creditors in which they may be paid by a debtor.
Secured creditors, including lenders and debt-holders, typically head the list when it comes to getting back their money. Secured creditors may hold a security — such as a mortgage or other pledge — for their debt held.
Unsecured creditors are next on the list of repayment. Unsecured creditors have lent money or provided goods or services to a debtor without securing the debt.





What happens to shareholders?
Holders of common stock are typically last on the list. Quite often in CCAA proceedings, they get back none of the money they invested. Their old shares become worthless and often new shares are issued in the restructured company.







What is bankruptcy protection?
Canadian companies don't actually file for "bankruptcy protection" when they go to a Canadian court to seek protection from their creditors. They do file for protection from their creditors under the inelegantly named Companies' Creditors Arrangement Act. That's a federal law that basically gives a company time to try to work out its financial difficulties with its creditors.
A company files under the CCAA for permission to come up with a restructuring or reorganization plan that would give it time (often 30 to 90 days) to rearrange its affairs so that it can keep operating.





Creditors may also petition a debtor company into bankruptcy. In that case, the court will appoint a trustee in bankruptcy. Upon the bankruptcy, all of the debtor's assets come under the power of the trustee but are subject to the rights of secured creditors. Secured creditors are entitled to seize and sell assets of the debtor over which they have security, within certain legal limits. The trustee will then sell any leftover assets and distribute the proceeds among the unsecured creditors

CanWest' makes an non required, voluntary, 25 million interest payment -- an example of CanWest shedding cash to look broke

When CanWest shareholders balance sheet needed the cash; CanWest Board, managing CanWest shareholders business, sheds 25 million in voluntary interest payments to the 13.5 percent bonds, that was not due; is an example of CanWest trying to rid itself of cash
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CanWest pays some high interest rates. CanWest is an example of a public company, run to benefit those that run it, over shareholders. It is fraud when CanWest management has CanWest shareholders signs off on loans with abnormal interest rates, in questionable non arms length transactions.

Example is a 13.5 percent, 370 million dollar private loan, that CanWest entered into in 2008, to finance CanWest's repayment (refund) to investors of the CanWest's Canadian Newspaper Trust IPO. Needed to raise this, as CanWest's had already spent the newspaper IPO sale proceeds, to repay another major shareholder's private loan to the public company CanWest.


http://www.sedar.com/ '''CanWest 2009 Annual Report (page54) posted on SEDAR on Dec 02/09''': ''"Note(9)Long term debt: CW Media Holdings Inc. has issued $370 million (US$338 million) (2008 – $338 million (US$319 million) senior unsecured notes maturing on August 15, 2015. The senior unsecured notes bear interest at 13.5% per annum, compounded semi-annually. Interest is accrued from the date of issue to August 15, 2011 (the “Cash Interest Date”), however is not payable until maturity, unless CW Media Holdings Inc.elects to pay interest in cash with respect to any interest period before the Cash Interest Date. After August 15, 2011, interest will accrue on and be paid in cash commencing on February 15, 2012.

Interest is payable or compounded, as applicable, each February 15and August 15.

At August 31, 2009 accrued interest of $29 million (US$26 million) (2008 - $7.1 million (US$6.7 million)) was outstanding and included in long-term debt.

CW Media made a voluntary interest payment on August 15, 2009 for $25 million (US$23 million) representing accrued interest for the period from February 16, 2009 to August 15, 2009."''

Please wiki, run the fact that the 8% ad hoc bond series foreclosing on CanWest, are the same bond series created out of thin air by Lord Black: wiki scoop
Shame no newspaper in Canada will run the fact the 8% ad hoc group bonds origins are vending financing bonds Hollinger created, and CanWest agreed to in exchange for Canada's newspapers. It is of interest to Canada and is of fundamental importance to Canada's national security that the fact be published.
Details about 8% debt. The 8% Ad Hoc debt was not created by CanWest receiving funds, rather vendor financing giving to CanWest by Hollinger (Lord Black. This debt was not registered in Canada or the United States, for tax reasons. The debt was given the ability to demand total repayment on failure to pay an interest payment. And CanWest had to buy derivatives from debt. Interest rate was 12.125 percent. Debt was junior, no matter.
CanWest in Nov 2004 voluntarily changes the debt interest rate to 8 percent, the catch, the bondholders recieve proceeds from a new bond issue, to make up for the cut in interest rate, and gets the bonds moved from junior to the front of the line. Scam retaining control of Canada's newspaper flagships.

CanWest’s $2.3-billion sign off to Goldman Sachs. CanWest has since come to view the arrangement as a sweetheart deal for Goldman Sachs

Canadian Nationalism being interfered with in Canada's free press -- Freedom of press makes or breaks a Nation
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ http://www.theglobeandmail.com/blogs/streetwise/canwest-beats-back-goldman-sachs/article1401779/
Globe and Mail dec15 quote -- "CW Media not included in CanWest’s court-supervised restructuring. Ownership of this division was set up in 2007 as part of CanWest’s $2.3-billion acquisition of Alliance Atlantis Communications Inc. CanWest has since come to view the arrangement as a sweetheart deal for the investment bank."



CanWest Global owning Canada's flagship newspapers, had to respect debt holder covenants, and CanWest's mult voting shares, stock market rules, that restricted CanWest's largest shareholder from embezzling the public company's assets (for ex. purchasing something to transfer CanWest assets out of company. CanWest consolidating Canada's two biggest TV networks, CanWest's TV stations, and Atlantis TV network, is as bankruptcy scam.

Goldman Sachs loaned, sold, something to a friend, to help friend defraud. Goldman Sachs has received benefits in CanWest editorials; Note, Goldman Sachs has still to decide to sell or not the TV assets to the friend, wink, wink. Goldman Sachs has the right not to sell Atlantis to CanWest. A loan, and not loan at the same time.

Goldman Sachs in a corporate takeover bought Canada's Alliance Altantis. Using a pretext of CanWest, buying part or all of Goldman Sachs new Canadian TV assets -- CanWest moved millions in cash to Goldman Sachs, and assumed debts, and transferred/sold CanWest's TV stations in a weird sale to Goldman Sachs (selling CanWest tv stations at their rate of return and not their asset value.) Goldman Sachs retaining control (for their faith) over Canada's TV waves.

Basically a company having financial questions breaks the law when transfer assets out of the company to cheat CanWest's smaller shareholders, and CanWest debt holders. Places Goldman Sachs at the back of the line among CanWest creditors

[No better, the bondholders getting Canada's newspapers are in on it. Bond created from selling Canada's newspaper to CanWest. Loan was at 12 percent in junior notes. CanWest then converts these junior notes into senior notes, and converts yield to 8 percent (8 % ad hoc group), but really still 12 percent, as CanWest issues 200 million in new bonds (for free) to these bondholders. It is ironic then now, that a 750 million plus debt, is not so big, if minus the 200 million in free bonds, and 400 million CanWest cash given to these "senior" bond holders at the direction of CanWest largest shareholder, that will not be in the new CanWest Company. Excessive interest, and manddated derviative purchases by CanWest from debtholders, host of irregularities.

[Unfortunately, when the international community controls the local news to mislead; can only do so, if local corruption ignored too, however unintended, breads corruption in the Canadian Fatherland. It must not be a waste of time when a Canadian reads the newspaper, or watches TV. [The international community has long tried to have Canada's banks merge, not in the interest of Canada. Canada's banks asked to rally with SEC Canada, protecting Canada.]

more times water can be weight in time, in the same seesaw weight is: the max amount of energy a mountain stream can produce in a small area

Obviously not a perpetual motion machine, as a buck of water can not raise other buck of water higher.
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Reviewing various machines that make hydro to fit the stream. Sketches.




Rome powered by the see saw pump: recycling water, in tubes repeatedly back again, close to the fulcrum of a see saw, can shift a see saw, and shift a stretched out weight from that see saw
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[**Why was the utility industry not making hydro this way yet? Less equipment necessary for harvesting energy from large drops & compressed air energy storage industry novel, bonus of mechanical energy turned into compressed air, able to direct compressed air to one central turbine & the water weight seesaw needs housing for layers of pipe infrastructure; ironic that hillside space open & Excess water, as one sq foot of water a second (61 pounds of water), can make a 3 foot fulcrum of nearly 10000 pounds in a five second, 30 layer cycle -- creeks' energies run past a point, at more 10 to 20 sq feet a second -- a lot more than one sq feet of water. Too much energy.**]

Push and pull cycle both can compress two air pumps in a seesaw motion, constant energy. Can have two or more see saws moving counter weight/pumps. Able to add stream's excess water to machine's energy.

~~~~~~~~~~~~~~
[Theory of seesaw and levers, should include the example of a stick with a heavy weight, and tiny weight, on either end, always balances, with the heavy weight at the bottom. A tiny lever can move the earth, if that lever's force is applied when the heavy weight is at the bottom of stick.] Principle of the hydro seesaw is the heavy weight moving to a bottom equilibrium, translates a tiny weight moving far out on a seesaw can be moved, but takes time. Outside weight on fulcrum moves slower, but is moved, affects fulcrum pull speed. More time, more energy. Fulcrum trick[Interesting note, particle physics is using see saw math to describe leptons, sub particles. Ether theory.]



Novel approach is to recycle the weight of the water over and over again in the same see saw. back into see saw. Allows heavy water weight. Very long board 90 degrees to see saw, holding tubes of water. Therefore a small stream at 1 sq foot of water a second --61 pounds -- can have in a one foot drop a 1 inch drop per cycle, less a few mm for grade, have 12 levels each with 1 sq foot of water, creates 600 plus pounds of water weight moving .9 an inch. Should raise a counter weight ups a few feet. [Like a fractal.] [Note each slit increases exponentially the size of the water storage.]

[Note, a see saw and the circle arc's beauty -- allows layers of water weight to move in a see saw. Allows play as, several more inches of horizontal movement can exist for one inch of vertical movement down. Aka. heavy weight near the fulcrum, can swing moving down an inch.]
[Will reroute some water over the seesaw to lap down, as this elevated water pays dividends. Also, seesaw's harmonic motion can be tuned using elevate water weight directed to its swing.]


[Not a perpetual motion machine. Rather using a machine most like a perpetual machine to extract the most energy from a mountain creek. Not reusing same water over again, as a perpetual machine would, rather using that energy to make compressed air for electricity to make hydrogen. As on sq feet of water a second can make a 3 foot fulcrum of nearly 10000 pounds in a five second cycle. Not hard for creeks to have 10 to 20 feet of water rush by a point in a second. Too much energy.]

Hover Dam: 3 million horse power times equals (550 pounds is 10 sqfeet of water) - times 100 for accelartion = 3 million sq feet of water a second???

Pulse pump is direct energy, creating several thousand pound lifting force, can be in sequences
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(Different from the heavy weight near fulcrum pump which makes a small weight move; the pulse pump creates large weight to swing.


~Fact quote, "The Hoover Dam’s construction features 17 turbines, of which one is rated at 86,000 horsepower, one at 100,000 horsepower and the remaining 15 at 178,000 horsepower each."

~horsepower definition what a horse can do is lift (dispalce) 550 pounds pounds a distance of a foot every second -- quotes"One mechanical horsepower of 550 foot-pounds a foot per second is approximately equivalent to 745.7 watts. [Horse lifts 550 pounds a second.] measure the output of piston engines" '

"A boiler horsepower is used for rating steam boilers and is equivalent to 34.5 pounds of water evaporated per hour at 212 degrees, or 9,809.5 watts"

hp figuring about
[ ??? how can 34 pounds of water lift (displace 5000 pounds of water every second for an hour. ???? Sterling engines making 3 hp do not move 1500 pounds one feet per second with their two pistons, air pressure does not lift this, would mean a few pounds of water, the small sterling engine could lift ten people up one foot per second, not so, so horsepower measure off???]

unclear how to measure horsepower, translated from pulsar weight motion
Counter weights 4000 pounds, and water weight of 6000 pounds of water attach on top of counter weight of 4000 pounds will drop and create a force of tens of thousands of points, when dropped a few feet. After water drains to lower level on counter weight, relifting counter weigh back in position. Water then tops the next counter weight and makes another 10,000 pound weight to drop. [A creek at 20 sq feet a second]



```62.4269107 Pounds for squre feet of water , so 6000 pounds of water 100 square feet

That's just what Goldman Sachs did, the wall street investment bank is calling moving around of CanWest asset faudulent and abusive

CanWest shareholder and debt holders, counter sue Goldman Saches; Goldman Sachs part of fraud in CanWest bankruptcy
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[Article on Goldman Sachs saying that giving away CanWest Ten is abusive and fraud. Thanks for supporting CanWest shareholders, and Canada are being ripped off ]


globe and mail article, quotes
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"A little-known numbered company inside CanWest Global Communications Corp. is now at the heart of a major legal battle between Goldman Sachs Group Inc. and the powerful bondholders controlling the media company. " "Goldman is attacking the distressed funds that control Canada's largest media company and asking the courts to rebuild barriers that separate CanWest's profitable specialty television from its parent."

"The Wall Street investment bank is attempting to undo what it calls a “fraudulent” and “abusive” move to rework the internal operation of CanWest in the days before it filed for creditor protection. According to court filings Monday, the distressed debt funds shut down a numbered company within CanWest that was set up three years ago, at Goldman's request, to separate the Winnipeg-based parent from its stable of 13 lucrative specialty channels – which include Showcase and History Television."

"CanWest creditors, led by a trio of U.S. and Canadian distressed debt funds, dissolved the numbered company as part of a larger drive to gain control of the specialty TV unit, known as CW Media Holdings and widely viewed as the most prized CanWest asset. This division is not part of CanWest's court-supervised restructuring, and turned in a $129-million profit over the past nine months. Goldman Sachs owns 36 per cent of the votes in CW Media, and 65 per cent of the equity."

"This battle could take an ugly turn for bondholders: As part of its latest court filing, Goldman claimed CanWest's creditors should be forced to repay $426-million of cash they took out of the company in September, after CanWest sold its stake in Australia's Ten Network Holdings Ltd. for $634-million. The company filed for creditor protection two weeks later."

"Despite the rash of court filings – Goldman's latest batch of legal documents runs to 246 pages – the two sides are expected to sit down and hammer out a new ownership structure for the firm. The move to shut down the numbered company was part of a tough negotiating stance on the creditors part, sources say, with one individual explaining that bondholders wanted to show Goldman a “worst-case scenario.”

CanWest is reviewing the affidavit, said CanWest spokesman John Douglas. “We believe the claims are without merit.” “Neither party here wants to leave this issue to the judge. There will be negotiations,” said a source close to the distressed debt funds. “We recognize that the best interests of the company lie with both sides working together, and no one wants to pursue a path of mutually assured destruction.”

[Goldman Sachs gets a chunk of Canada's TV discloosure network, and CanWest's Canadian TV stations; and the sellers of CanWest newspapers to CanWest, are getting their papers back. Bankrupcy ponzi scheme where CanWest shareholders, and other debtholders, and Canadians are ripped off. Canadian National Security breach. Sec Canada and United States Securities Commision stand side by side, and order Goldman Sachs to respect and give CanWest shareholders more than 2 and half percent of new CanWest public company.]

CanWest shareholders and debt holders, counter sue Goldmand Saches

The Judge has a duty of corrective action, Goldman Sachs part of fraud in CanWest bankruptcy
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Goldman Sachs acquisition of Canadian Alantis Corporation, and the sale? loan? to CanWest shareholders of Alantis subsidiary TV network is a design to keep control of Canada's TV network. Deal not disclosed properly to CanWest Shareholders.

Basic example, a debt ridden company, wanting to rip off both shareholders and their debtholders, would agree to buy something from a loyal entity -- Goldman Saches. CanWest controllers and Goldman Sachs the same faith. Sell off important assets into this (all CanWest's TV stations sold at their rate of return, not their asset value, is fraud when disclosed as it was.) And claim debt. Note the Goldman Saches deal siphoen of CanWest extra cash. [Canada is under attack here, the facts are Golman Saches is interfering in Canada's disclousure network. Intent.

Goldman Saches recieved special control of over Canada's new disclosure network.

Zeppelin fuel tankers flying hydrogen around - a key service - for hydrogen producers to supply the marketplace

**********Ho, ho, ho. Retooling, power stroke, the counter weight swings down is the power stroke. Multiplier effect: counter weight, and the water weight can be combined. Water transfer to top of counter weight to increase power stroke, after same water transfer down and moves counter weight back up. Allows combines several counter weight motions at same time.

Cycle: water flows from counter weight down to lift counter weight (seconds), when counter weight lifted, water flows then to top the next counter weight (seconds). The economics of smaller economies of scale, that less pounds increase a water transfer. (so when say 4000 pounds of water could have 10 smaller counter weight displacers moving this allow 5 to 10 second cycle. Smaller can have 1 to 2 second cycle.

Pulsar weigh measure: for 5000 pound water & 3000 pound counter weight in a 15 second cycle -- combine 20 couner weights in a stairchase -- every minute 4 times 8000 pounds times a row 20 counter weights equals = pulsar weight of 640,000 pounds a minute.









**********Ha, ha. Process retool again pratically work. Using small pipes dropping, inefficient and complex. Easier to have attached bike rims swinging. [A full turn can not happen with attached bike rims, but more than half swing can have rims attaching together. Rope from this turning structure, can move swing arms that pull rip cords, or compress air. Bonous is no axel is needed, as the axel is several bike rims. Issue of the water leaving troff, and harvesting that energy too -- possible to power pumps that repump some of the water to be used again.



##Salt water, fresh gradient and raising fresh water to drop weight, is and example of a above grade, of this process.

Why more efficient than dams. Dams use pipes, only use part of river. Using large troffs, all weight used.

Key reworking of how hydro dams work
Industry's troffs fall into troffs falling into troughs. Ten troff motor, and each troff moves 4000 pounds. Every 30 seconds times times 10 is 80000 pound force every minute. North America and the world had massive amount untapped potential here. New oil.

500 pound water troff, and produce considerable pull force, more than a human. Industry can have several thousand pound troffs working in unison. ***************





Inventions and their economic synergies, the invention of the tip-over ditch buoy, the new oil
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[Retooled. Ditch buoy tilting up and down, too many parts, conceptial picture, eaiser to have a long pipe that when empty is balance level by a counter weight. A straw can enter the pipe through the swing end for water flow. Model can be tested through the flow of a stream dam, and gaining the complete flow of the stream, in weights that swings.]




workhorse of remote coastal salt water, fresh water hydro electricity production for electrolysis, using gradient power, instead of osmosis to create electricity
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[ Buoys in ditches that tip-over when fresh water is pushed up hill, by a salt water gradient, into pipes that are extended out from buoys, tip. When water runs out, buoy flips-up again.] Aka, weight of water forced up a siphon hose to tip over a flouting buoy, when buoy tips water flows out, and buoy returns to stand up position. [Not a true siphon hose as no siphon, not pulled. The water is pushed up by the gradient different of salt water and fresh water. Pushes fresh water up hill into columns that uses the weight of the displaced water to flop buoy. Linear energy.
[Salt water on land provided by the searaiser pump, ocean hydrolic ram.]


[Also have exiting water running out the buoy pipe can be harnessed.] Simple design that is well suited for creating electricity for electrolysis of hydrogen.


Can use the venture affect to speed of filling the buoy, can synchronize several buoy bounces in unision. The filling of the pipe is like filling a piston. When full piston moves in downward force. If can control injection, have timing, and therefore run parallel energy systems. Water power timing and combining of force is a key to this invention, allows the multiple of force. Weight transfer, mechanical transfer very good. Alternatives, magnets or hooks that hold until a certain weight than swings. Orchastraded.

Whereas a traditional hydro dam using a small amount of water to create force (weight) by elevation and speed; the army of buoys combined moving, displace more weight per second. A buoy can move as much water as a small dam does a second, but of course the dams water is at a hundred times the force or more; add in hundred buoy tipping forces in unison, the combined tipping weights in a parallel system, and equals a massive source of electrical power. Moving a huge induction motor with several small ripcords.

[Definition of pulse energy is stockpiled force, every few seconds, a large weight is displaced; whereas turbine continuel energy. Example of pulse energy water pendulem lifting ten pounds up and down every two seconds, 300 pounds a minute, 18000 pounds an hour. Add 12 of these units and are lifting quarter million pounds of pulse energy an hour.]

[Note, water cushions water, as water wanders down hill, retaining and passing force on. (Another way to describe the effect: length of the vertical acceleration line increases when water chusions water and vertical forces are redirected horizontially.) (Another way to say it, is that swirls of pressure from water has weight, create up drafts in water, increase then the flow down.] [As water rubs the ground, more matter interaction, affecting energy) Longer flow through the magnetic field increases transfor of energy. Energy never created or destroyed; more energy here is that is took more space, time to tap the energy; a dam is fast, only used small amount of space time, for the work deliveried. Therefore the distance down hill kinetically for water, is greater if water does not take a direct line. Pulse energy hydro the future of North America's clean energy economy.]

Buoy salt water, fresh water, way more envirnomental friendly then salt, fresh water osmosis
************Concern with osmosis of fresh water and salt water, and the environmental impacts of altering how fresh water reunites with the ocean. Alternative to salt water, fresh water osmosis. Can use a gradient. Raise fresh water up a hose, more green.


*************The sea raisers, hydrolic ram sea water pumps, pumping water from raising and falling of sea waves onto land, is a small version of the type of pump industry will use. Industry sea raisers, better termed saltwater waterfalls.

nano techonology IPO pitches

power mechanism, cooling mechanism, and a way to construct it
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Run water in, heats up, leaves. Nano electronics cooling system. Circulation system. Energy can be entered or taken from a small system as hot water bounces and goes up hill on the micro scale. [Smallness economics-of-scale and the benefits of small structures over larger structures.] http://www.physorg.com/news65689469.html

[Alternative energy source, micro sterling engines in laptops, generate mechanical motion to move fan.]



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nano created atomic structures can release energy with sound. Sound masers.
http://www.nano.org.uk/forum/viewtopic.php?p=8790&sid=6ef8dd001235e79483e309c9eb58c7a9

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quote http://www.nanotech-now.com/news.cgi?story_id=34490
Acoustic tweezers can position tiny objectsUniversity Park, PA Posted on September 1st, 2009
"Current methods for moving individual cells or tiny beads include such devices as optical tweezers, which require a lot of energy and could damage or even kill live cells," said Tony Jun Huang, assistant professor of engineering science and mechanics. "Acoustic tweezers are much smaller than optical tweezers and use 500,000 times less energy."While optical tweezers are large and expensive, acoustic tweezers are smaller than a dime, small enough to fabricate on a chip using standard chip manufacturing techniques. They can also manipulate live cells without damaging or killing them.Acoustic tweezers differ from eyebrow tweezers in that they position many tiny objects simultaneously and place them equidistant from each other in either parallel lines or on a grid. The grid configuration is probably the most useful for biological applications where researchers can place stem cells on a grid for testing or skin cells on a grid to grow new skin. This allows investigators to see how any type of cell grows."Acoustic tweezers are not just useful in biology," said Huang. "They can be used in physics, chemistry and materials science to create patterns of nanoparticles for coatings or to etch surfaces."Acoustic tweezers work by setting up a standing surface acoustic wave. If two sound sources are placed opposite each other and each emits the same wavelength of sound, there will be a location where the opposing sounds cancel each other. This location can be considered a trough. Because sound waves have pressure, they can push very small objects, so a cell or nanoparticle will move with the sound wave until it reaches the trough where there is no longer movement. The particle or cell will stop and "fall" into the trough.If the sound comes from two parallel sound sources facing each other, the troughs form a line or series of lines. If the sound sources are at right angles to each other, the troughs form an evenly spaced set of rows and columns like a checkerboard. Here too, the particles are pushed until they reach the location where the sound is no longer moving.The acoustic tweezers are manufactured by fabricating an interdigital transducer onto a piezoelectric chip surface. These transducers are the source of the sound. Next, using standard photolithography, microchannels are fabricated in which a small amount of liquid with the cells or particles can move around freely. These microchannels were bonded to the chip to create the area for particle movement.To test their device, the researchers, who include Jinjie Shi, Daniel Ahmed and Sz-Chin Steven Lin, graduate students, engineering science and mechanics; Xiaole Mao, graduate student in bioengineering, and Aitan Lawit, undergraduate in engineering science and mechanics, used Dragon Green fluorescent polystyrene beads about 1.9 micrometers in diameter. They then used cows red blood cells and the single cell bacteria E. coli to test the acoustic tweezers."The results verify the versatility of our technique as the two groups of cells differ significantly in both shape (spherical beads vs. rod-shaped E. coli) and size," the researchers reported in a recent issue of Lab on a Chip. They note that the patterning performance is independent of the particle's electrical, magnetic and optical properties."Most cells or particles patterned in a few seconds," said Huang. "The energy used is very low and the acoustic tweezers should not damage cells at all. Because they have different properties, the acoustic tweezers could also separate live from dead cells, or different types of particles."Acoustic tweezers technology has significant advantages over existing technologies because of its versatility, miniaturization, power consumption and technical simplicity. Huang expects it to become a powerful tool for many applications such as tissue engineering, cell studies, and drug screening and discovery.The National Science Foundation supported this work."

salt water and fresh water, seperated by a membrane can turn turbine

only fresh water can move through membrane, forward osmosis, this increases pressure on salt water side, turning turbine
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(excellent technology for Alaska and British Columbia)


First osmosis power plant goes on stream in Norway 16:50 26 November 2009
"The world's first prototype came on stream this week. Sited on the banks of the Oslo fjord in southern Norway, it generates electricity using the natural process that keeps plants standing upright and the cells of our own bodies swollen, rigid and hydrated. Osmosis occurs wherever two solutions of different concentrations meet at a semipermeable membrane. The spontaneous passage of water from dilute to concentrated solutions through the membrane generates a pressure difference that can be harnessed to generate power."

~~~
Ancient carpentry level -- a hose with water in it -- water levels match-up -- add salt, changes gradient and tensile pressure, pushing out fresh water from hose. Alternative, Ocean water pump technology allows alternative approaches to mixing salt and fresh.water. Ocean water, land water divide. http://www.ecogeek.org/component/content/article/2301

the effect: banks trading loans caused world financial collapse (had to move bank of cleareance credits around)

the cause: small amount of paper currency compared to the size of amount of money out there, the bank multiplier economy, and the trading of these bank-multiplier-units internationally, without a developed international bank-of-clearance clearing system
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The golden age of advanced bank auditing. Recognition that our countries' bank of clearances can work together to create a new very, very profitable relationship, restoring earth security; based on advanced monetary theory adjusting the balance of payments system.

Currently, when a company sells abroad, the seller's domestic banks immediately recognize in that country the sale proceeds. The accounting of the buyer (importer) paying the seller (exporter) with buyer's local bank of clearance credits, is part of the equations of the world financial collapse.

For G20 consideration. The buyer does not directly pay the seller. Alternative modern economics monetary policy. The sellers countries' bank of clearance deposits in the sellers account that amounts in that nation's bank. [Currency sales are handled different way. Small nation national security concerns have protections for massive influx. Aggregate supply curve has less currency to buy, so increases currencies real worth, reduces distorition in currency prices. **** There is only as much currency as the domestic bank of clearance wants to sell. *****The art of the audit.]

The balancing act is that it works out the same -- and solves the greatest riddle in monetary economics of how paper currencies with only a small amount of actual paper currency out there, can be managed to orchestrate a nation's balance of payments.

~~~



[The balance of payment measure is an artificial conception to measure trade. Important as the balance of payments intercept, when balanced, matches the size of a nation's aggregate supply curve to total supply used. FACT. An inbalance does not mean this money is owed, rather that the seller has lots of buyer domestic bank of clearance credits. The nation owing does not actually owe, as it's people bought with actual cash, so there was not trade imbalance. Ownership in the buyers domestic bank of clearance credits. This how the current system works.]

[Wheres in the advance international trade, monetary theory, the seller has no buyer domestic credits . The sell gets credits in their own domestic bank of clearance (the seller can get buyer domestic credtis termed currency trade..) and the buyer's international bank of clearance removes those credits.] [Ironic the max economy is protectionist, as if a nation sells and sells, without balancing its balance of payments, it is the seller, not the buyer that is a fool.]

[Highlights the business multiplier effect, and how hope and prosperity from belief in selling credits creates economy. [Dollar store and selling goods at above the cost of the resources, and not the labour cost, dumping.] Aggregate demand curve, and supply curve. A modern free market needs the security of the m4 world and needs governments that can borrow from the 0 percent discount matrix. Audacity of hope creates the size of the aggregate supply curve.

keys issues: define the credit crunch in Latvia, and how people borrowed in euros (borrowing from another nation's bank of clearance) and with the Latvia currency decline, and how certain euro banks lost and how Latvia lost / debt burden. How modern monetary theory and strengthening Latvia domestic bank of clearance systems could have averted crisis.

what is a long term trade imbalance. New rules mean that the seller is more labile for over selling. The buyer is less labile.

True currency values. International trade and sellers obtaining buyer domestic bank of clearance credits distorts currency values. Wheres sellers obtaining bank of clearance credits from the own nation's bank of clearance, does not distort buyer nation's bank of clearance.

China on board. Economic theory based on specific earth advancements and stages in advancing money supply theory to increase the benefits earth. China has huge issues with pollution and global warming, China requires like the rest of us the increased benefits of a new internation bank of clearance system.

Canadian banks have huge opportunity to help build up smaller nations domestic bank of clearances and help the world's governments access the government borrowing zero percent matrix.

[first draft}

extra small nations push for bank reform through developing 0% government borrowing matrixs.

[Many smaller nations like Greece and Iceland only hope is the m4 money supply, and the zero percent government borrowing matrix. The smaller nations are demanding M4 money supply standard. Advice to G7, accept the 0% government borrowing matrix. ]

CanWest's Australian TV network was sold for 634 million CDN, yet the cash flow entered from sale is only 199 million

CanWest's forward-looking cash flow expenditure declaration, hides 400 million in cash, to appear broke
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


Dear Neil,

I have attached the release we issued on September 23, 2009 when we announced the sale of our shares in Ten Network Holdings.

In response to your question what happened to the rest of the proceeds, as the release indicates CDN$426 million was deposited with the trustee for the benefit of the holders of the 8% senior subordinated notes.

Regards
Hugh
HHarley@canwest.com






Canwest Releases Projected Capital Expenditures and Other Financial Information Oct6,09 [News release issued to investment accounts.]

The following is a projection of the cash flows, cash and secured obligations of CMI and the subsidiary credit parties under CMI's secured credit facility for the expected duration of the CCAA filing(1):

.................................................................Projected
.................................................................for the three months ending((2))
(in thousands of Canadian dollars) ...............................November 30, 2009 ..February 28, 2010
Canadian Television
Receipts .........................................................124,691 ............127,127
Operating disbursements ..........................................(150,387) ..........(123,979)
Capital expenditures .............................................(4,173) ............(4,587)
Corporate and Other
Net operating cash flows .........................................(4,643) ............(2,901)
Restructuring disbursements ......................................(7,649) ............(7,156)
Advance from proceeds from sale of Ten Network Holdings Limited ..190,000 ????............-
Financing disbursements ..........................................(3,195) ............(384)
Total Net Cash Flow ..............................................144,644 ............(11,880)
(1) Cash flows projections reflect the effects of the CCAA filing
and, are therefore not comparable to normal course operations.
Cash flow projections are affected by seasonal changes in working
capital, which include a substantial use of working capital in the
three months ended November 30, 2009.
(2) These cash flow projections are derived from weekly cash flow
projections. The three months ended November 30, 2009 include the
period from September 7 to December 6, 2009 and the three months
ended February 28, 2010 include the period from December 7, 2009
to February 28, 2010.


....................................Projected as at
(in thousands of Canadian dollars) ..6-Sep-09 ..6-Dec-09 ..28-Feb-10
Cash - unrestricted .................2,633 .....23,277 ....11,397
Cash - restricted ...................2,500 .....2,500 .....2,500
Secured revolving credit facility ...19,000 ....- .........-
Secured notes .......................105,000 ...- .........-

On emergence from a CCAA filing, which is assumed to be on February 28, 2010, Canwest has projected the following cash transactions:
(in thousands of Canadian dollars)
Unrestricted cash as at February 28, 2010 ..........11,397
Equity proceeds ....................................65,000
Repayment of secured intercompany note .............(85,000)
Claims .............................................(8,000)
Retention and restructuring ........................(8,000)
Transaction costs ..................................(10,000)
Emergence financing requirement (cash) .............(34,603)
Emergence financing requirement letters of credit ..(2,000)
Total emergence financing requirement ..............(36,603)


[ Why is CanWest voluntarily filing for creditor protection? Add in the full Australian TV Ten sale proceeds, and CanWest has over 400 million in cash still.]

What do you think CanWest shareholders, an obvious lye, right Hap.

Ontario Securities Commission probes the sale of Canada's newspapers


Thank you for your telephone inquiry to the Ontario Securities Commission (OSC) concerning the alleged sale by Canwest Global Communications Corp. (Canwest) of its newspapers to Paul Godfrey. Your objection focussed on the low price of the sale and that Canwest did not solicit any other competing offers. However, we note that there is not yet an announcement from Canwest of any sale of its newspapers, and according to media reports Canwest spokesman John Douglas has specifically denied the existence of the sale you are complaining about.

As a shareholder, you may wish to contact Canwest's Director of Investor Relations, Hugh Harley, to verify if any deal exists. He can be reached by email at hharley@canwest.com, or by telephone at (204) 956-2025.

If you do have further regulatory concerns or complaints about Canwest, you may contact the Manitoba Securities Commission, the principal regulator of Canwest. They can be reached by e-mail at securities@gov.mb.ca or by telephone at (204) 945-0330.

Sincerely,
Lead Inquiries Officer
Ontario Securities Commission "




"However, we note that there is not yet an announcement from Canwest of any sale of its newspapers, and according to media reports Canwest spokesman John Douglas has specifically denied the existence of the sale you are complaining about." [???]

Canadian newspaper monopoly bought from Hollinger for 2.2 billion US, sold for 1 billion CDN to Paul Godfrey is an insider trade

Why weren't the newspapers sold with debt? A fair sale could have
saved CanWest shareholders
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Had only recently sold 25% ownership in these flagship newspapers into
a income trust for 500 million (and had 3 billion in debt attached/
unloaded into trust). [As the income trust IPO funds raised all went
to pay off a loan to a major CanWest shareholder, fishy; CanWest
therefore had to buy back the IPO by borrowing it all back at 13.5%
compounding, payable when this debt reaches nearly a billion, also a
fishy loan. It is ironic then, this means that CanWest bought back
their Canadian newspaper trust, only to sell all of it at the cost
equal, to the cost of paying back the loan needed to buy back 25%
owned by the the newspaper trust.]

bought for
In 2000, "TORONTO CanWest Global Communications Corp. is buying 13
large metropolitan daily newspapers and a 50 percent stake in the
National Post from Hollinger Inc. as part of a $1.8 billion deal.
Under the cash-and-stock transaction announced Monday, Winnipeg- based
CanWest will also assume responsibility for about $460 million in
debt, bringing the deal's total value to $2.2 billion [US]."


sold for
"Paul Godfrey, the CEO of the National Post newspaper, has lined up
buy out funds to acquire Canwest Global’s daily newspapers nationwide
for around CAN $1 billion, the Globe and Mail newspaper reported
Friday."


"TORONTO -- Canwest Global Communications Corp. today announced the
appointment of Paul Godfrey to the position of President and CEO,
National Post, effective [2009.]"


"Paul is a great addition to our team," said Dennis Skulsky President
and CEO Canwest Publishing. "Having served on the Canwest Board of
Directors since 2004, Paul knows our business very well[.]"
[Non arms length transaction. Canada's newspaper monopoly retained by
the same faction involved in news racketeering.]

WOW CanWest delisted, shareholders ripped off again, joke company

Yes, CanWest controllers and editors received kickbacks for harping on Federal Liberal Leaders Michael Ignatieff; and Dino before; this is wrong
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

CanWest Shareholders reject the offer 2.3% of new company and demand to be disclosed the new debt of the company. How much debt is being trade for 97.7% equity?

The balance sheet please. Considering that CanWest is selling its Canadian newspaper monopoly for a billion (along with debt, you bet); and a billion for selling ten down under -- this is theft. Multi voting share public companies are investment jokes. Sad this joke ran Canada's newspapers. CanWest news coup and censorship is the biggest fraud in modern Canadian history



"Under the proposed recapitalization, creditors of the CMI Entities whose claims are compromised under the plan of arrangement, including the holders of the CMI 8% Notes, will receive common shares of a restructured Canwest. Existing shareholders of the Company will receive 2.3% of the shares of a restructured Canwest. It will be necessary for the Company to obtain new equity financing in the amount of at least $65 million. The percentage of the equity of a restructured Canwest to be received by affected creditors will be dependent on the percentage of equity sold to new investors.

Leonard Asper and members of his family have reached an agreement with the Ad Hoc Committee on terms which the Ad Hoc Committee would support for the investment by the Asper family of up to $15 million in connection with the recapitalization. The Asper family’s commitment would be subject to a number of conditions, including securing a co-investment from one or more Canadians, acceptable to all parties. Canwest has not made any determination with respect to the terms of any proposed equity investment by the Aspers or any other parties but welcomes the commitment of the Asper family to assist Canwest in achieving a successful recapitalization. "



TORONTO, Oct. 6 /CNW/ - DELISTING REVIEW - CanWest Global Communications Corp. (the "Company") - TSX is reviewing the subordinate voting shares (Symbol: CGS) and the non-voting shares (Symbol: CGS.A) (collectively the "Securities") of the Company with respect to meeting the continued listing requirements. The Company is being reviewed on an expedited basis. In addition, the Securities have been suspended from trading effective immediately.

[CanWest shareholders issued this, and supposed to go down without a fight??]

Selling and moving the same gas twice, TransCanada

Canadian governments' royalities on natural gas based on price level can be manipulated to reduce the royalities paid. Selling natural gas at low levels filling up former gas fields. As such the British Columbia government is gearing natural gas production on and off switch to the natural gas price. Ironics, gas reservers are actually gas storage, and are accessed using price levels, like the sale of natural gas from gas storage.




http://www.petroleumnews.com/newsbulletin/906715024.html

10 million shares for a million and half bucks, great deal for nearly eight percent of CanWest

Congratulations CanWest shares recover

With a refinancing of all debt at 5 percent and a share hand out to debt holders of half of CanWest stock. A large Canadian pension fund would get a good deal to buy such a block of shares from CanWest treasury, and increase CanWest reserves by that amount, adds stability to industry.

Big issue in BC is the blue bridge and the waste of over 120 plus million proposed bridge project (interest added in, doubles cost from 63 million.) Favour

City needs to buy these two properties next to the bridge

Has water rights, and promise of heritage grants
http://www.icx.ca/PropertyDetails.aspx?vd=&SearchURL=%3fPage%3d14%26vs%3dVELand_3%26ret%3d303%26ptgid%3d2%26VeCenter%3d48.48111471624847%252c%2b-123.40702056884767%26VeZoomLevel%3d11%26longMin%3d-123.55979919433595%26longMax%3d-123.25424194335937%26latMin%3d48.3763211259802%26latMax%3d48.58569225688664%26curPage%3dmap.aspx%26showToggle%3d1%26minp%3d0%26maxp%3d0%26trt%3d2%26of%3d1%26o%3dA%26ld%3d0&Mode=&PropertyID=8090863



Janion building [Also for sale, listing expired with pemberton
http://www.victoria.ca/contentmanager/minutes/min090709_cnc.pdf

TransCanada using sun heated hot water for sterling engine generators

Increases electricty output per volume of natural gas
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Key economic variable why this very basic, simply technology efficiency not happening: Easy to increase the flow from a tap, then to build new infrastruture. Requires a capital investment. No infrastructure needed if only used more natural gas to heat same amount of water.

Have to build warm water solar colectors, covers large land mass. Cost of area the prohibator, and why this simply advancement slow.

Combine algae into warm water and have C02 use, synergy.

Increasing the amount of North American electricty, from the same amount of fossil fuels used.



Simple Technology can increase size of power industry. [Much smaller scale, then the below power plant. And, several, several turbines at plant.]
Qutoe below, shows water turned to steam used to make electricity electricity can be several layers. The machine can be made better. Using solar heated hot water reservers first to heat water to above 50 -70 degrees, reduces cost of C02 to make that much electricity. Key innovation in North American Energy Strategy.

NEW YORK, Sept 15 (Reuters) - Ontario Power Generation/TransCanada Corp's (TRP.TO) 550-megawatt Portlands natural gas-fired power plant in Ontario shut by early Tuesday, the Independent Electricity System Operator said in a report.

The Portlands combined cycle plant, which entered commercial service in 2009, is located in Toronto. It consists of two 175 MW combustion turbines and one 200 MW steam turbine.
Combined-cycle technology uses natural gas to turn combustion turbines to generate electricity and then uses the hot gas leaving the combustion turbines to heat water to produce steam to power a steam turbine and generate more power.

OPG and TransCanada started building the plant in 2006. The combustion turbines operated during the summer of 2008 before shutting for several months in September 2008 to allow workers to hook up the combined-cycle part of the plant.

One MW powers about 1,000 homes in Ontario.

Stop raising the bridge for boat traffic?

Blue Horses only an earthquake problem when up
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Mayor Fortin is congratulated for getting the brainstorming process about a decision on the Blue Bridge going. Wish the City had consulted before chopping down the Apple Tree.

Host of issues. Point Hope Shipyards relocating, and wants to unload very expensive condos, and benefits/needs a luxury yachts marine then. Budget Steel Car Shredder also moving. [Docksite Green maintains Point Hope Shipyards is history; Hence the name Dock Side.] Dockside Green/and Greater Victoria benefit with the road improvement of Bridge side Esquimalt Rd bridge side to Tyee rd of a flat straight road, zero grade road to gas station, time pressures. as Dockside Green site next to road, soon built to the existing road grade.

Better economics to save the Blue Bridge, and fund the Victoria Train Station. The importance of keeping the rail line final point in downtown is of economic necessity to Victorians and merchants. Fits in perfectly with keeping the Blue Bridge and no longer raising it.

Besides, behind the Blue Bridge are two more bridges that don't raise to boats, so is the harbour/pond past the Blue Bridge really that vital? Strategically of no importance, as Esquimalt has the main harbour. "Es-whoy-malth" meaning "place of gradually shoaling water." Better management of the Victoria harbour's resources would have the power boats moor beyond the Blue Bridge, and sail boats get the Empress.

Until Point Hope Shipyards closes, the Blue Bridge is fine to be raised for their business only, especially on their rare special big orders. The gravel/ cement business can use tugs with smaller antennas to tug their gravel.

Post remove from Goolge CanWest message board: Canadian National Security Issue this story is told

Google and Yahoo readers, deserve the truth that the Ad Hoc committee of 8% note holders are really 12.125% note holders

[This post concerns Canadian National Security. Please do not delete this post.]

Belittles Canada and CGS shareholders, to report that the debt they've been servicing is only 8%. Imagine if the interest rate was a fair interest rate, the debt would mostly be retired! CanWest paid nearly 200 million to turn it's 12.125% bonds into 8% bonds.

CANWEST CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED NOVEMBER 30, 2004(UNAUDITED)
http://www.canwestmediaworks.com/investors/investor_documents/F05/CMIQ1financialstatementswit.pdf
5. LONG TERM DEBT (page.12)On November 18, 2004, the Company completed an exchange offer to exchange a new series of 8% Senior Subordinated notes due 2012 for the outstanding 12 1/8% Senior notes due 2010 issued by the Hollinger Participation Trust. In the exchange offer, the holders of the trust notes received US$1,240 principal amount of new notes in exchange for each US$1,000 of trustnotes. In addition, the Company completed a concurrent offer of notes, proceeds of which were used to retire the 12 1/8% junior subordinated notes held by Hollinger, which had not been participated to the Hollinger Participation Trust. The effect of these transactions replaced the Company’s existing $903.6 million 12 1/8% junior subordinated notes (including accrued interest to November 18, 2004) with new $908.1 million (US$761.1 million) 8% senior subordinated notes. [Junk to Senior.]

The issuance of the new notes was recorded at their fair value at November 18, 2004 of $944 million. The difference between the fair value of the new notes and the book value of the junior subordinated notes together with certain other costs of settling the debt totaling $44 million, was charged to earnings as a loss on debt extinguishment.

The Company has entered into a US$761.1 million cross-currency interest rate swap resulting in floating interest rates on its senior subordinated notes at interest rates based on CDOR plus a margin and a fixed currency exchange rate of US$1:$1.1932 until September 2012. Under it senior Secured Credit facility the Company is required to maintain a fair value of its interest rate swaps and foreign currency and interest rate swaps above a prescribed minimum liability.
[Bond yield is fixed, not floating, not sure how swaps then reduce the fixed interest rate.]

There are also prescribed minimum liabilities with individual counterparties, which have two-way recouponing provisions. The Company was required to make recouponing payments of $137.0 million in the three months ended November 30, 2004 (2003 – $11.2 million), $44.1 million of this recouponing payment related to overhanging swaps and accordingly was reflected in cash flows from operating activities. Further strengthening of the Canadian currency and/or declining interest rates may result in further payments to counterparties.

[A Canadian company, Hollinger, sells Canada's newspapers to another Canadian company, CanWest, and provides vendor financing, that has the sale proceeds and interest exported out of the country -- and also demands the buyer of Canada's newspapers put the Canadian dollar. Scam against Canada; 8% note holders are liable for this.]

CanWest Recapitalization Plan

Would like to thank the many Investors that bought CanWest Stock to liberate Canada's newspapers, these CanWest shareholders deserve respect, and should not have their shares taken away
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
[Canada owes a debt of graditude to CanWest shareholders that bought CanWest shares to protect Canada. Not fair to take away their shares, and leave newspapers in the hands of currupt news reporting. Make or break moment for Canada.]


Keys: all debts converted to a 5% interest rate. For this half of the shares of CanWest will be distriputed amoung the debters. All debts in foreign currencies turned into Canadian dollars, no longer. No more multi voting shares.

Bank line of credit not affected, banks will provide line of credit if agreement meet.


Must include the 13.5% loan issued in 08 and first interest payment due ?2012. If this loan stands at 13.5% bodes bad for the new company and bad for Canada. If Chapter 11 then 13.5% loan is unsecure and will walk with dimes on the dollar, therefore good deal.




Fractal shareholder, bondholder recapitalization
[Changing how Chapter 11 public companies are disbanded.]
Economic concept. Types of recapitalizations on handling debt. Long time shareholders and bondholders could have used a better recapitalization structure, preserving an ownership percentage to the old shareholders, so shares never just stop. Increases intrisic value of stock market as a whole to do this.

Better for bondholders too, for example junk bonds and unsecure bonds with some shares and a better leverage position for the company can get their capital back and earn some return.

What is not wanted is a recapitalized CanWest, were the shareholders end up with nothing. The new shareholders that own it all are only a small group of CanWest debtors. The rest of the debt stands, so CanWest continues to be high interest debt ridden.



Making a better newspaper
~~~~~~~~~~~~~~~~~~~~~~~~
Use online comments to provide a balanced approach to story telling. Misses issues cited on the web go into paper. Stop the new story censorship kickbacks. Costing Canada trillions. Baises political reporting got to stop. Increases Companies position on the web, and strengthens newspapers.

CanWest shareholders question the Senior Lender's associated hedging agreements

Subjecting Canada's newspapers to an era of high borrowing interest rates, and questionable hedging agreements, has underminded the Canadian economy and political process. If CanWest borrowing interest rates were normal, like 6%, Canada's newspapers would not be in financial peril.

This shaddy deal is an attack on Canadian Soverienty. Therefore when GOOGLE and Yahoo cite the senior lender, it is inappropriate to refer to them as the 8% Ad Hoc Committee, when in fact they are the bondholders getting 12.125%. It is only recorded at 8%, because CanWest paid 200 million to make the notes 8%. Censoring this fact.




Can the Senior Lenders be forced to refund the costs of CanWest's hedging program to CanWest shareholders?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Hollinger's sale of Canada's newspapers to CanWest, passing control of Canada's headlines, and news reporting-security, political infrastructure to CanWest, is the orgin of this senior debt; hard to believe, that a sale condition to CanWest of Canada's Communication Hub, was to put the Canadian dollar. Canadian dollars then around 65 cents US.

The hedging program was a transfer/theft from CanWest Shareholders of hundreds of millions, as these puts would be worthless, as the Canadian dollar would rise. The recent shareholder quarterly report, had interest rate and foreign currency swap losses of $182.5 million. This amount of hedging changed the business of CanWest in that a good percentage of its profits/losses then were dettermined from the hedging business, not the newspaper business. Unfair to Canada.


News Release Quote from forbearance agreement with Senior Lenders
"Under the terms of the forbearance agreement, the senior lenders have agreed not to enforce their rights under the senior credit facility arising from the Limited Partnership’s previously announced defaults prior to October 31, 2009. The Limited Partnership has agreed to pay all outstanding interest and fees due under the senior credit facility and the associated hedging agreements and to resume paying interest and fees due and payable under such agreements during the forbearance period."





CANWEST GLOBAL COMMUNICATIONS CORP.
INTERIM CONSOLIDATED FINANCIAL STATEMENTS
FOR THE THREE AND NINE MONTHS ENDED MAY 31, 2009 AND 2008
(UNAUDITED)

"Hedging Derivative InstrumentsIn March 2009, Canwest Media Inc. agreed with its swap counterparties to settle the fair value hedging derivative instrument related to its senior subordinated notes and received cash proceedsof $105 million."

"On May 29, 2009, as a result of the failure to pay amounts due under the hedging derivativeinstruments, the Canwest Limited Partnership was in default of the terms of the hedging derivative instruments and the counterparties terminated the hedging arrangements and demanded paymentof the Canwest Limited Partnership’s net obligations under those arrangements in the aggregateamount of $68.9 million. The Limited Partnership has not satisfied the demand for payment andhas recorded this obligation at its amortized cost in accounts payable and accrued liabilitiesaccruing interest at the counterparty’s cost of funds plus a margin. The liability is secured bysubstantially all the assets of the Canwest Limited Partnership."

"As a result of the termination of the hedging derivative instruments the Company recorded interestrate and foreign currency swap losses of $182.5 million and a foreign exchange gain on the relatedlong term-debt of $296.2 in the three and nine months ended May 31, 2009."





Canada deserves the acknowledgement that the Ad Hoc 8% bond committee, are really 12.125% bonds.

Google and Yahoo readers of CanWest news releases, deserve the truth that the Ad Hoc committee 8% noteholders, are really 12.125% bonds.

Belittles Canada and CGS shareholders, to report that the debt they've been servicing is only 8%. Imagine if the interest rate was a fair interest rate, the debt would mostly be retired! CanWest paid nearly 200 million to turn it's 12.125% bonds into 8% bonds.




CANWEST CONSOLIDATED FINANCIAL STATEMENTS
FOR THE THREE MONTHS ENDED NOVEMBER 30, 2004 and 2003
(UNAUDITED)

http://www.canwestmediaworks.com/investors/investor_documents/F05/CMIQ1financialstatementswit.pdf

5. LONG TERM DEBT (page.12)
On November 18, 2004, the Company completed an exchange offer to exchange a new series of 8% Senior Subordinated notes due 2012 for the outstanding 12 1/8% Senior notes due 2010 issued by the Hollinger Participation Trust. In the exchange offer, the holders of the trust notes received US$1,240 principal amount of new notes in exchange for each US$1,000 of trustnotes. In addition, the Company completed a concurrent offer of notes, proceeds of which wereused to retire the 12 1/8% junior subordinated notes held by Hollinger, which had not been participated to the Hollinger Participation Trust. The effect of these transactions replaced the Company’s existing $903.6 million 12 1/8% junior subordinated notes (including accrued interest to November 18, 2004) with new $908.1 million (US$761.1 million) 8% senior subordinated notes.

The issuance of the new notes was recorded at their fair value at November 18, 2004 of $944 million. The difference between the fair value of the new notes and the book value of the junior subordinated notes together with certain other costs of settling the debt totaling $44 million, was charged to earnings as a loss on debt extinguishment.

The Company has entered into a US$761.1 million cross-currency interest rate swap resulting in floating interest rates on its senior subordinated notes at interest rates based on CDOR plus a margin and a fixed currency exchange rate of US$1:$1.1932 until September 2012. Under it senior Secured Credit facility the Company is required to maintain a fair value of its interest rate swaps and foreign currency and interest rate swaps above a prescribed minimum liability.

[Hedging program with individual counter parties. Inotherwords swaps not independent and bought on open market. Swaps individual agreements between seller and buyer. Transfer. Lacks arms length transaction.]
two way recouponing payments!?


There are also prescribed minimum liabilities with individual counterparties, which have two-way recouponing provisions. The Company was required to make recouponing payments of $137.0 million in the three months ended November 30, 2004 (2003 – $11.2 million), $44.1 million of this recouponing payment related to overhanging swaps and accordingly was reflected in cash flows from operating activities. Further strengthening of the Canadian currency and/or declining interest rates may result in further payments to counterparties.


Question: If the Canadian dollar tanks, does the bondholders forgo interest payments, to settle the put?

Making energy from CO2, TransCanada well suited to expand into CO2 pipelines and algae farms

C02 is food for algae
~~~~~~~~~~~~~~~~~
TransCanada has the size to go big into the algae business. Huge revenue growth sector and necessary environmental infrastructure, adding extra value to TransCanada shares.

A valuable aspect of TransCanada's pipeline corridors, is they can supply CO2 to far away algae bio diesel farms. Natural advantage. Sixty Minutes TV show recently did a story on the growing energy algae industry.


http://www.ecosherpa.com/news/algae-co2-biofuel/ algae+co2=bio fuel
http://www.futurepundit.com/archives/006471.html advanced algae CO2 bio fuel break through

CanWest refuses to disclose what CHEK TV Victoria was sold for

CGS shareholders demand the sale price be disclosed to shareholders
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Reason for CanWest selling many TV stations has to do with the foul Goldman Altanis TV deal, that has all CanWest's Canadian TV stations being transferred (sold) at their rate of return, and not their asset value. A station like CHEK, operating at a loss, would be sold for zero, yet the land is worth several million, as a condo site. CanWest to avoid selling TV stations to Goldman for free, is unloading stations. Makes one wonder how the CRTC and CanWest Board representing shareholders best interests, approved such a Canadian TV sale transfer formula.

The Times Colonist Sat, Sept 5,09 headlines that "Local investors, staff buy CHEK" "CanWest said the undisclosed purchase price was "nominal"." The story stated that "the CHEK's Kings Road building was given a favourable lease." CanWest kept the land, at least. [Note, CHEK TV building was an example of neglect by CanWest management, in that the dish on top of the CHEK building, was covered in moss and grim, what could have been cleaning easily, was not. Derelict. Expect new owners to clean dirty dish on top of building, ASAP.]

The newstory concludes that the Conservative MP from Salts Spring "Gary Lunn flew to Winnipeg last month to speak with Leonard Asper in person and continued to lobby for the station [and other things][.]"

CanWest equity contribution for multi voting shares not citied in recent CanWest Annual Reports

Does not GAAP obligate public company financial reporting to differentiate the equity contributions of its various share types. It is deceptive accounting that CanWest equity contributions from its milti voting shares is not cited in recent CanWest Annual Reports.

CanWest's Annual Report 1999, on Sedar, lists the equity contribution for the 78 million multi voting shares at $3.2 million. The equity contribution of one vote shares is listed at $378 million in 1999.

The financial documents state that the multi voting shares are convertable into one vote shares at any time at the holders discrestion.

Irony, final receivership agreement multi voting shares will be converted into one vote shares as last act as multi voting shares, to receive same equity rights. Multi voiting shares used to control Canada's media.

Note equity rights not the same. Common shares have intrinic extra rights over multi voting shares.

Revenue Canada claims the interest paid on CanWest's international loans are taxable by Canada

Revenue Canada claims the interest paid on CanWest's international loans are taxable by Canada

CanWest's international lenders owe hundreds of millions in taxes to Canada
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CanWest's international lenders are a scam to control and subjugate Canada. Lending scam retains control of Canada's newspapers. Newspapers a lot more than a publishing company's bottom line -- newspapers dictate the dissemination and follow of information of a nation, and affect political and economic debate.

Extra benefits CanWest international lenders received:
1)Double digit interest rates on loans. Double the market rate.
2)Required CanWest shareholders to buy currency- interest derivatives putting the Canadian dollar. CanWest shareholders lost (transferred to the lender) hundreds of millions of dollars in these derivative purchases. Not above board.
3)Debt covenants. As CanWest's international loan international loan agreements formally state that this debt is not recognized in Canada or US. No tax paid kick back.
4)International lenders influenced Canadian newspaper comment. Like positioning Canada's newspapers to reject protectionism, and losing elections for the NDP.

Hot water electric generator, perpetual energy machine

Turning hot water into gold
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Huge source of cheap electricity is hot water heated by the sun, creating air flows, spinning micro electric turbines. Micro steam engines.

Two equations: amount of electricity generator without using any created electricity, to power up machine's efficiencies. And, amount of electricity produced by redirecting electricity back into spinning turbines, and moving baffle gates, and heating water at certain key temperature points to increase evaporation etc.

Whereas solar panels must be manufactured, and therefore costly to produce a few square feet to interact with the sun. Hot water, solar heating electrity recovery can be the size of several football fields, obtaining more of the sun's rays.

This invention in desert regions, where the temperature can rise to over 50 degrees, will spin out electricity fast. Possible to raise Africa out of poverty with small scale, sustainable hot water electric generators. Providing a cheap source of electricity to dessert regions. Empowering.

As the World heats, this machine produces more electricity. Creating electricity without creating CO2. Texas to be covering in hot water electricity farms soon.


[Issue of perpetual motion. Yes this is not perpetual motion, the continual source of energy is a result of the massive amount of solar energy that engages the large volume of water over a land mass. In a closed system, where the water evoporates and returns as water to evaporate again, system keeps spinning the micro genorator steam engines forever, continual energy, without adding energy, expect for Sun's solar energy of course.]

Goldman Sachs should note the CanWest has placed it's CHEK Victoria TV station for sale

Goldman Sachs needs this icon for Atlantis
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Goldman Sachs runs the numbers on the CRTC creating a significant new revenue source for Canada's local TV Channels.

CanWest's TV network is larger compared to Atlantis's TV network. An equal price of 1.5 billion for CanWest's Canadian TV and HD network, is a good deal for Atlantis. Rather than CGS shareholders holding more equity in Atlantis; Atlantis would own CanWest's Canadian TV network, by assuming 1.5 billion in debt from CanWest.

The CRTC has made statements that support there be payments for using Canadian TV signals. New revenue can pay down debts. In the long term, the value of Goldman Sach's Atlantis investment would be 2 billion, and CanWest's at 1 billion.



Reuters news release, vai Yahoo finance news release CGS.TO -- "Canada TV regulator still cool to fee-for-carriage"
http://finance.yahoo.com/q?s=cgs.to

"Konrad von Finckenstein, the head of the Canadian Radio-television and Telecommunications Commission, told a parliamentary committee on Monday the commission is prepared to "seek to provide revenue support for conventional television.""

"Von Finckenstein said conventional broadcasters could get C$235 million ($210 million) a year if they were paid for signals from their local stations. If they were paid for all the signals carried, even in markets where they don't have local programming, they would receive C$600 million."

CanWest's 10 vote shares need to be turned into 1 vote common shares

Note this allows both CGS shareholders and CGS debt holders to make a fortune when the Canadian dollar increases and goes to par and beyond.

CGS debt holders need to be served that CGS one vote shareholders are in fact CanWest's equity owners, ahead of the 10 vote shares. In all negotiations CGS one vote shares, and CGS small shareholders, deserve a place at the table.

Stock market equity counts one vote shares equity, before ten vote shares. It does matter and noted that, in past balance sheets shareholder equity contributed from one vote shares trumps the ten vote shares.

Public companies like this that have high interest rate debt, can exchange shares valued at a before-crash-share-value to pay down interest. CanWest has various debts that the interest rates can be reduced to 5 per cent, and pay the extra interest with shares valued at 5 dollars. Share-interest arrangement only works a normal common share public company structure, meaning 10 vote share structure is not acceptable and must stop. Fair and honest newspapers have supporters.

Asper value when CGS shares valued at 5 dollars is half a billion. This arrangement can make CGS.TO shares worth 10 dollars in a new generation.

On the eve of the most important political referendum in Canadian History

[Sadly poll was right STV only recieved 39% of vote]
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Wrong to print in CGS's Sat/May9 Times Colonist -- three days to the May 12 referendum/election -- that the no side has a 55 per cent lead. The yes side requires super majority of 60 per cent to win. Yes side has the majority, fact. Odd, that the article's picture, is the NDP Leader, looking at a chalk board of polls with the reverse poll numbers.

Quote. “A poll by Angus Reid Strategies releases yesterday shows 55 per cent support for retaining the existing firs-past-the-post system[.]” “The rise in awareness seems to have lowered the chances of BC-STV being implemented in the next election,” the pollster says.” For the record the newspaper should support advancements in Democracy.

Ironic, Polling firm Angus Reid has another poll saying yes STV side has 65 per cent majority only a little before. http://stv.ca/node/810




Needed to run
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Challenge CanWest newspaper monopoly to post any newspaper article that cites the STV referendum gag law.

Had to gazette, but did not. CanWest British Columbia newspapers had to publish at least once the Referendum gag laws S.29.4a&b banning referendum advertising from naming or supporting a political party or candidate. Also bans STV from election advertisng.

Unacceptable that the newspapers [a patch work of message boards and reporters] did a good job about editorializing on Briish Columbia's election gag law, Bill 42; but never associated this, or mentioned the STV referendum gag law. This ban on the STV freedom of speech needs a champion. CGS shareholders and readers do not profit this, why the kickback.

British Columbia newspaper monopoly is CGS shareholders' crown jewel, respect it.

STV Referendum Gag Law http://en.wikipedia.org/wiki/BC-STV

Buying votes to influence the newspapers

Cable companies buying the competition
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CanWest communications stock, a very good pick. Don't place all your eggs in one basket. Buy some shares so together we can combine our votes.

Good value in the new HD definition channel industry, for CGS (CanWest) to enter, and offer several new high definition channel frequencies, in larger markets. CGS will help subsidize local TV news, for extra HD channel rights.

The new VI news style format (a email-phone in-comments to the news broadcast / and a video box for people to speech at) as one of the features of one of channels is an opportunity for CanWest to expand. Trying to create a dual information matrix, say one thing, and in another section say the reverse, this fosters freedom of expression for diverse opinion, and removes propaganda effectiveness, through humour.

Entering the price support of 25-30 cents for CGS.A, the ten vote shares.