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Bullboard - Stock Discussion Forum Concordia Healthcare Corp. T.CXR.R

Bullboard (TSX:CXR.R)

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Comment by meetoo1600on Jan 11, 2018 5:45am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:secured debt now 89 cents on the dollar

rad10 wrote:  Why on earth would any unsecured noteholder agree to a deal that left significant upside to current shareholders? I have already explained why, more than once.
Comment by rad10on Jan 10, 2018 9:49pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:secured debt now 89 cents on the dollar

You are correct from an accounting point of view (GAAP or IFRS), but not from a financial restructuring point of view.  The restructuring will cancel the debt, including the deferred interest ...more  
Comment by meetoo1600on Jan 10, 2018 9:05pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:secured debt now 89 cents on the dollar

Rad10 said: Deferred interest is an accrued liability - you can't add it to cash on hand. Even the kids from the wrong side of the tracks know that![/quote] You are correct from an accounting ...more  
Comment by rad10on Jan 10, 2018 8:31pm

RE:To Rad10

S2. I have Iistened to it. The time to get into Concordia will be immediately post restructuring or through the debt. Meetoo is a nice guy but his prognostications have been consistently flawed. No ...more  
Comment by rad10on Jan 10, 2018 8:13pm

RE:RE:RE:RE:RE:RE:RE:RE:secured debt now 89 cents on the dollar

whilst articulate in an effortlessly superior private school manner - you have been consistently wrong on this subject. (Mas)debating society at upper Canada college was never really my thing. No hard ...more  
Comment by meetoo1600on Jan 10, 2018 7:03pm

RE:RE:RE:RE:RE:RE:RE:secured debt now 89 cents on the dollar

You are not an experienced debater either, for that is not an articulate response,  It adds nothing to the conversation.
Post by S2hadi90on Jan 10, 2018 6:48pm

To Rad10

Rad10, listen to the Sept. 6. teleconference call on the CXR website, and tell me that you don't think CXR will recover. Oberman said it'll take 3-5 years. I just listened to it. I also dont ...more  
Comment by rad10on Jan 10, 2018 6:40pm

RE:RE:RE:RE:RE:RE:secured debt now 89 cents on the dollar

You are adding those together to get to 400 million? SMH - i am no CPA but that is ludicrous
Comment by meetoo1600on Jan 10, 2018 5:58pm

RE:RE:RE:RE:RE:secured debt now 89 cents on the dollar

rad10, at least we agree on the numbers, $340MM + $62MM withheld interest.  In fact, the $400MM number is probably too low because they are cash-flow positive, so something would have accumulated ...more  
Comment by rad10on Jan 10, 2018 7:47am

RE:RE:RE:RE:secured debt now 89 cents on the dollar

Meetoo as of September 30th they had 340 million cash on hand. I doubt they have anything close to that now. As for unused credit facilities - those disappear as soon as there is a default. See where ...more  
Comment by S2hadi90on Jan 09, 2018 9:17pm

RE:RE:secured debt now 89 cents on the dollar

Meetoo; I've put all my money in CXR, and I don't know what to do. I keep placing "sell" orders @ 1.07, 1.40 etc., and then cancelling them a few minutes later.  How confident ...more  
Comment by meetoo1600on Jan 09, 2018 8:27pm

RE:secured debt now 89 cents on the dollar

Don't let rad10's $62 million figure scare you.  At the same time, the company has something well in excess of $400 million in cash and additional unused credit facilities.  It is ...more  
Post by rad10on Jan 09, 2018 6:57pm

secured debt now 89 cents on the dollar

This company has over 62 million dollars of outstanding interest on 3 unsecured debt instruments - now 2 months overdue.  It wants to restructure more than 2 billion dollars in a debt for equity ...more  
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