RE:RE:RE:Possibility for the turnaround catalyst. Craigbad aka select 1011 as rechristened I'm sure, you and lattice do nothing out of the goodness of your hearts. You are sociopath swines. The unwarranted free fall in the sp is making everyone covering this cautious thanks to your continuous short and distort campaign. I have already provided this board with a year-end cash balance assuming mid point of guidance and full repayment of cinven earn out. Guess what, the company should end the year with $70M of cash on hand and an undrawn $200M revolver. Thereafter, the company will generate approximately $240M of excess cash annually assuming no growth. For that to disappear every risk you clowns identified would have to materialize in a serious way. For all the clowns here who think a company going bankrupt means a declining share price, please learn how to read financial statements. There is no doubt MT should be replaced, but I take comfort in the fact that the company has a seasoned CFO in place with a history of growing Pharma businesses. At the end of the day, this company sells drugs that people need to get better, but is trading as if it were an oil play in the oils sands when oil was trading at $30. This is the biggest market disconnect I have ever seen. It will correct either by the company announcing a couple of good quarters or by it being taken out. This nonsense cannot last much longer.
quote=Craigbad]You should let Rbc know. Lattice was nice enough to post this excert from Rbc's downgrade today.
We anticipate that Concordia may draw on its revolver in order to pay a portion of its contingent consideration, but we do not believe management will draw more than 30% of the $200MM. We believe investors could react negatively to a revolver drawdown that approaches the 30% threshold." Even RBC doesn't think they make all the earnout in October and will defer 50% to give them four more months to burn the fire.
patenright11 wrote: cash as june 30 exceeds the payment so all this they might defer 50% is fn BS
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