RE:RE:RE:RE:When Law Firms Start Digging... Colt Nothing to worry about
Excellent post craigbad. Posters like you, Latice and others that provide facts to support their positions are the ones I like to read and appreciate a lot.
Others defending the highly questionables of the company, CEO and CFO are either paid to do so or are shareholders in complete denial of what is clearly happening here! Those who attack others should simply be ignored.
Latice appears to have some insights because he has mentioned a number of times his issues with MT and Biovali, a previous company. He used some defamatory words that someone would only use if they were sure they were right. I don't know Latice but I am guessing he is a huge bagholder on that stock, or some of the previous "questionable duds", the CEO has been implicated with. I get the sense he sometime loses patience. I certainly would! But the guy is a machine because he has the truth behind him!
Craigbad is incredible as well. I remember him when he was a bull and he was as well positioned. But he also seems to be truth driven which is very nice to see.
The sudden 180 degrees change from guidance to results for the last quarter is a pure and simple disaster. Nobody has been able to defend that here. I've been watching for almost a month now.
Furthermore, if you clearly read the CEO's future guidance, he said that AMCo ("Concordia International" but really run separately) has done better than expected. That is far from good news!!!!!!!!! It mean a higher liability for CXR shareholders due this month!y because of the earnout!!!!!
It means that the really bad "surprise" results from local sales this past quarter, combined with write offs and continuing declining sales will continue.
And yes, generics are the government's answer to the price gouging we are seeing here and with other M&A type of pharma companies who simply cannot cost justify the massive price increases seen by patients and health payers (insurance companies and health authorities).
This is easy, if you are an investor, escape if you can get $9-10 currently because it's going to take a act of God to turn this around and I don't think God likes price gouging, money hungry people who prey on innocent patients and innocent shareholders who assume they can trust the numbers and guidance!