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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by cg16on Oct 23, 2016 10:28am
75 Views
Post# 25375459

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:"$3 billion in debt, less than $800 million in sales...."

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:"$3 billion in debt, less than $800 million in sales...."MB are you saying that the rumor of the CEO leaving was exciting enough to drive 25m shares trading? Where did that volume of shares come from? I can see it being 10m Shorts covered and already reshorted 10m? Thats a possible explanation. But why would shorts cover on such a benign rumor? CEO leaving doesn't change the short thesis at all? So why would they cover? Is there other news coming that they feared more? And it didn't come yet or isn't coming because it was a false rumor? We know that there is no institutional buying. So who bought 25m shares? Where did that volume even come from? Did Cinven punt there 8m shares into the mix? Unless there was alot of naked shorting going on, where did the volume come from? Would appreciate your and ConDD's opinion on this. Thanks 
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