RE:Will CXR Shares Go To Zero.....?And up over 15% in two days. Go figure moron!
Register123 wrote:
"Strategic Review" in it's 6th month with no word on its outcome.......One asset writedown (and maybe another to come...?).........Revised guidance (part 1 of ?....)............3 billion in debt with high interest payments, earn-out payments, ongoing expenses, possiblility of salespeople jumping ship to join a competitor given the uncertain future of CXR............CEO not talking to the press............Rumoured movement of CEO's remaining shares offshore.............CEO doesn't seem to be managing his personal finances very well, never mind CXR's finances (i.e., margin call on over 500,000 of his CXR shares).......Its U.S. business stagnant (and maybe receding) due to increase in generic drug competitors,.........Its UK business under threat with new "Health Service Medical Supplies (Costs)" bill........Its business in Eurpoe outside the UK questionable given Brexit.........
Is this company worth anything given its debt, ongoing expenses, and other challenges as outlined above........?.......
Can they avoid default?
If not, will creditors throw them a lifeline or close them down to try and get what they can after asset liquidation..........?