RE:RE:Bottom Line The drop in share price and raising money at 65 USD had nothing to do with value of CXR. It had everything to do with bad timing due to numerous unforeseen circumstances. Hillary, VRX investigation and subpoena etc.
Actually they could have done a "Bought Deal" in Canada at around 100-110 CAD. My sources tell me that RBC was offering to do the full deal including financing at those numbers. CEO Mark turned it down as he was adamant about US exposure due to the new Nasdaq listing. US exposure can be a 2 edged sword. You have entered shark infested waters. In this - narrow time snapshot - that turned out to be a mistake. In the scope of the big picture this decision will prove Mark correct. The US exposure introduces a whole new group of investors and with it sophisticated traders that took advantage of the timing and the circumstances. However as "2j3kI" nicely pointed out the fundamentals only got better. This fact is inescapable. And as "Sunshine7" correctly stated "purgatory is not an option". In other words CXR will not be denied. Eventually fundamentals will prevail, and those US investors and sophisticated traders will get on the other side, and when they do....look out.
I'm not saying that there won't be bumps ahead, nor am I saying that we will return to the highs as fast as we went down. But if CXR stays the course as they have proven in the past, and delivers the kind of numbers and growth being projected, every one of us will be handsomely rewarded. Keep your focus on the fundamentals, not charts.
bullchart wrote: I agree, they probably won't do 9.00 but a lot of smart people make stupid decisions. When this was riding high to 117.00 and the Bulls are talking 200.00, better beware. On top of that they do a placement for 65.00. What is that saying? To me it says the reason they could not do a 110.00 placement is because the real value was not there. Look at the increase in future put buys around that time. The Sharks were starting to gather. ...... As far as I am concerned, this will do 50-60 soon and then probably fall back with the markets. We have a couple scary years ahead. CXR will not hold up the market. The health sector will rotate back again and when it does, CXR will run again. My April 2016 40.00 & 42.00 in the money calls should pop to 20.00 - 25.00 easily and if we get a quick rebound, I will look at some out of the money puts. Only way to play this one after a 70% haircut IMO.