jdobbin Posted February 21, 2009 Report Posted February 21, 2009 CanWest shares tumble NEW YORK, TORONTO — CanWest Global Communications Corp. shares were off more than 17 per cent Friday as the company continued meetings with potential partners in its search for financing that would help stave off a possible filing for bankruptcy protection in the weeks ahead.The media company's shares were down 7.5 cents on the Toronto Stock Exchange, dropping to 35 cents in early-afternoon trading. CanWest chief executive officer Leonard Asper has spent this week in meetings with senior lenders in hopes of securing enough financial flexibility to let the company restructure its operations on its own. Rumours all day in Winnipeg have been that the company will go bankrupt next week. Quote
geoffrey Posted March 7, 2009 Report Posted March 7, 2009 I've been short CanWest since $5/sh... I covered on Friday. The company is 90% for sure going to zero. Terrible, worthless assets and huge debt. Quote RealRisk.ca - (Latest Post: Prosecutors have no "Skin in the Game") --
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