RE:RE:Strategic alternatives MIKEY.... Well said.... These short morons think that every time there is a rumour..... It's the CEO's job to come out and address this.... They want him to come out and put out a press release every day addressing this and that , but if he did they would be calling for a class action lawsuit . The shorts are just pissed that they have no idea what's going on behind closed doors , so they are just flying by the seat of their pants shorting this.... It's working so far ... But all things work until they don't . They want to hang onto his every word .... so they can sue, but he is not providing much( as he shouldn't until the process is wrapped up and a decision has been made) , so they are pissed off.
MikeySwoosh wrote: Concordia updated us earlier this month re:the strategic review and if they keep updating the market with the "ongoing" message, it doesn't speak to a very stable or confident management team, and could very well compromise the process. The details of the process are not public information, nor should they be. It's "ongoing" until it's not. When things change materially; i.e., the strategic review is complete, or an offer is formally rejected or accepted, we'll hear about it! I appreciate the fact that there was a rumor about Apollo being interested potentially contigent on a Bremain vote, but that was a rumor, and the company shouldn't have to address rumors, especially if it's regarding information that ought not be public. It's nice to be awash with information as a shareholder, but that's not always constructive for the company.