Friday, September 25, 2009

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

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