RE:RE:RE:RE:RE:... "Scoundrels" ...
I apologize if I am asking a question that has already been answered above (unfortunately I don't have time to read through all the detailed posts), but when CXR issued their press release dated August 22, 2016 indicating the sale of just over 500,000 of Mark Thompson's shares as part of a margin call, it goes on to state “Mr. Thompson continues to hold 1,620,251 shares of Concordia.” It is my understanding that insiders are prohibited from buying or selling shares if the company is exploring a major change in their operations, so I assume Mr. Thompson would be committing a criminal offense if he tried to sell his remaining shares before an end to the strategic review is announced, and I don’t think even he is that foolish. Consequently, it appears that Mr. Thompson still has quite a bit of skin in the game and it is in his own best interest to do what he can to boost the value of his own shares…..If, for example, CXR is sold for $20.00 a share, the value of his shares would double from $15M to $30M……I don’t think Mr. Thompson would want to leave $15M on the table if he realizes that CXR would not climb back to that level for quite some time (if ever)…..I also believe that it would be difficult for him to hang on as CEO if the company called and end to the strategic review as he strikes me as the kind of person who would not want to hold shares in this company if he is no longer in charge……….In any event, the rest of September should be very interesting……