RE:Is there a default coming? YES!Tinybear, your repetitive bullcrap is nothing more than watching reruns of the same episode over and over, if you can't come out with something new , then take some time off to spend with your family , if you have one.
MegaBear wrote:
cg16, correct. There has to be a default for the "new" Notes holders to claim the North American and attempt to claim the Barbados assets and for Cinven to keep the deed to AMCo which is still in the UK with a third party until the "earnouts" are paid.
And considering they weren't even able to make the first payout in time, it's clear there is the games are in full play especially if you look at the stock price action of Thursday and Friday October 20th and 21st as someone pointed out this mroning.
Q3 will be telling. But it;s already telling: With insiders selling into Q3 and not buying (at least disclosed), we already have indications Q3 will likely be a continuation of Q2 and a complete disaster for an instant 50% hair cut for longs.
And others have also stated, this is year end tax loss season so many are waiting for Q3 to make up their final decision and that's not a bad option at this point if you can't "connect the dots".
Some of us looking at this predict the following:
1. Continued "spike" for traders to take profits off unsuspecting investors who are completely lost with these massive "market games" as others have pointed out. I am tempted to buy for any future spikes but, like fundtrader, I know it has to be for a short term flip only. This ship is sinking but will pop up a bit maybe before it sinks for good on a trade halt. I'm honest about it and I'm following daytraders on this to optimize my investments. There are some good traders here and some horrible ones. Follow what their track records say, not what they say. Just like Trump, some think they are great but the rest of the world knows otherwise by looking at the true track records.
This is not safe for typical investors since the $5B total liability is a huge mountain. The emergency cash recently injected was done with big, big strings attached. It's incredible for example that the true financial terms were not disclosed and 'REDACTED" from the regulatory filings on the latest Notes closing. How is that a legal form of disclosure???
Despicable actions by the street and little investors have nothing at their disposal except to try to get answers here by poking at this "thing" from multiple angles.
I'm mad as hell and I hope it shows!
2. Continued "short to zero dedication" on this flaming dumpster by the US "big money" professional short sellers that are here "wearing different jackets" as they call it. One US short seller thinks she is a hotshot SEC whistler blower but regulators don't take any "market player" as a true source. Only non-market whitleblowers have the respect of regulators. Others are not as "clean" as they think they are but are the first to judge others. What a joke!
Looking at the CXRX versus CXR action Friday, it's clear that as Canadians buy this up thinking it's cheap. The US pros are short selling on any strength. Selling is apparently helped with with undisclosed insider selling detected by TMX Insider Marker indicates massive hidden insider selling unless that's also just a big broker smoke and mirror show? That's the problem with the markets, the foxes and banksters appear to be running the barn!
3 Continued massive "bankster" games. Big punks punking smaller punks. Big punks always win on the markets, that's why the markets are so untrustable these day. I applaud regulators and law enforcement action and I hope the focus on the big players and move in as fast as they can to save the little investor. But in this case, that means delist and wiping out legit holders.. So, I would hate to be a regulator. The best we can do is keep exposing information, "players" and the con artists that call scamhouse adn the markets home.
4. Continue "private equity" action behind the scene which is also known as "pirate equity". The review of pirate equity of the various PE players this year is quite telling? No?
So anyone with any position here long and short need to be ready to take a bath because the "market pros" control this stock. The safest position is cash here but for those of us that like to "learn by doing", jumping in to catch the short term spikes long daytrade or continual slow bleed short is quite rewarding.
I'm willing to bet this becomes a case study at some university somewhere. I might donate my time and notes for this. I'm here more to learn than for the money at this point. The more the little guys can learn how these market pros work, the less amount of money we hand over to them.