RE:RE:RE:RE:Quiet Board, So I will Make a PredictionI will take time out of my busy day today to verify your allegation that the company is unwilling to confirm that December interest payments will be made. I doubt the company will voluntarily default with all of that cash on hand. Your allegation is likely as misleading as the one a few days ago by you or one of your cohorts that the October interest payments were not made. These are serious allegations as the company would be in default with all of the attendant consequences that entails. I, on the other hand, think the company has no interest in missing any interest payments. The banks and noteholders can only force a restructirig if there is a default in an insolvency scenario. We are not even close to being there and the company will not voluntarily put itself in that situation as it is extremely damaging to all stakeholders.
quote=TraderBen]I agree with Health. Banks aren't going to want to take the chance that there is further deterioration in their drugs so will push now for a restructuring strategy - and also the legal action has an overhang on the company Will the guidance be able to service the debt will be the question that noone knows the answer as still no word out from the CEO who has been at the helm now for three weeks. No investor relations response to my simple question of whether the coupon payment in December is going to be made, which is suspicious.... why not just say yesssssssss, no problems Ben! This company is so scammy right down to its core. Insiders not buying anything at these bargain basement prices. Zero.
I hope everyone has downside protection on their other holdings Crazy risk on market, but why fight momentum for no ... Good luck to everyone except the liars on this board who always seem to make trades at a profit on cxrx. (hahahaha greatplaaaaaaaayer - dying to know what the ticker is for the DELISTED company is that you were pumping on your history)
DeathPool wrote: Ii am waiting for the pre-pack. There is support until it blows, until it falls apart.
Some Canadian options money maker was asleep at the wheel and priced some puts incorrectly.
Now that nonsense is corrected ...
Lumberfeverlong wrote: I predict the company will do an equity raise instead. The share action the last few days does not support a prepackaged plan. There is huge support in the 3.50 ranges.
Health123 wrote: I predict that the Board will announce Chapter 11 restructuring before the earn out payment leaves the treasury.
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