RE:why i think selling stocks to private firm is badThe market got fooled again with a "placed" bug via mainstream media. Leaving all the speculations aside, why on earth would Private Equity buy into this now? Right before law suits being heard in court and, most importantly, competing against Cinven who is front and centre here.
From my perspective, Amco has not been deeded to Concordia yet. If it has, I would request that longs prove it. The company has said the transaction is complete but with the earnouts not paid, the transaction and "deed" according to UK laws is still in the UK.
I agree with others here that Cinven is best positioned to come in and pick this up for pennies on the dollar. I don't expect the common shares to have any value, bond holders, as secured owner (unlike all of you longs) might do ok but Cinven calls itself the leading PE firm in Europe and I think they are showing us why. I really think they will regain Amco for free without its past debts.
As rad10 mention, Thompson met his match and was outplayed. That's likely why he moved all his shares to that numbered company apparently and arranged to liquidate his holdings via this bizarre collateral and apparently "forced insider sales" whcih I don't buy one bit.
Given all the questions here, there has to be a lot more disclosure. The company and leadershop shouid get into trouble for this. If I was the regulators, I would also be asking the "journalists" to reveal their sources. There is a fine line between "freedom of speech" and "stock market manipulation".
On these anonymous sites with handles of all types and posters who are more clowns than serious investors, anything can be said since regulators in Canada specify not to trust anything but when it makes the media, there has to be accountability given its established credibility.