CXR is another Wall St SCAM
After researching for 2 days , I have come to conclusion that CXR is a complete fraud business played by the private equities of wall st. Here is my research in a nutshell. I am not short nor long for I do not short or go long when I am convinced that something is totally fraud. Please do not take my advise , do your own research and make conclusions where there are gaps in my research. I do believe this stock will keep going down till all retail investors have sold or if they remain invested it will declare bankruptcy to flush out all retail investors. This is modus operandi of wall st scams. I will start with AMCO which looks to me was a complete shady business. AMCO had two major components . Amdipharm and Mercury. Guess what if you research a bit both these companies had owners who have been scandals. Amdipharm was formed by Vijay Patel and Bhiku Patel(they used to be penny less and suddenly became rich). Mercury was formed by Ajit Patel and Kirti Patel and used to be called Goldshield group. Guess what they even were both arrested for fraud. Fishy part is all owners for both companies had their same last names. Patel. BIG RED FLAG Next lets look at how they became 3 billion company which our Concordia bought. I tried following their transactions. Mercury was sold 4 times in a span of 8 years each time to a private equity at double the price(No pharmaceutical company bought it , but it was always private equity). BIG RED FLAG. Next I looked at why Concordia was valued at such high valuations. Guess what it was buying interest shown by private equity players to take the price up. Blackstone , Apollo , cinven all are private equity and that gives an impression that CXR may be one of those wall st scams which was sold to innocent retail investors by pumping up prices just like they do in real estate these days by sell to one another at higher price till they sell it to an innocent buyer giving him impression that value is really high as per last few transactions. There is a lot of stuff available these days on internet. Please research before you buy any share particularly from companies who are new or have been changing names or are owned or have been on the interest of private equity players.