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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Post by Lumberfeverlongon Oct 04, 2016 9:40am
92 Views
Post# 25306114

CEO Margin Call Unavoidable and Non-Event

CEO Margin Call Unavoidable and Non-EventJust like the first margin call on his shares, the latest one reflected in the SEDI filings is a non-event as regards the company's prospects.  Since the company is in a blackout period the CEO cannot exercise any discretion on the purchase and sale of securities in the company and that includes a decision to meet a margin call.  The recent forced sale of MT's shares was something the shorts have been hoping to achieve for weeks.  They have now succeeded in stripping Thompson of the majority of his shares with the continious short and distort campaign.  The only potential wrongdoing I see is a failure to timely report the sales on Sedi.  The reports should have been filed within 5 days of a transaction, but that will result ina nominaI fine at worst or a warning at best for MT. The key is that this has no bearing on future prospects of the company or on MT's views of such becuase he simply had no say in the sale. 
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