Concordia Healthcare Corp. T.CXR.R

Bankrupt

[Shortingtozero2]

All Insiders cashed their vested RSU's 2016-Nov-22 at CAD $4.3460

The same day that the Bondholders got Akin Gump to represent them.

This is Pure Gold.  Equity is Zero.

[greatplay]

Good luck, keeping your pants with the approach... Company gives bonuses and it's not struggling company to survive, but rather prospering one.... I'll tell you what, if I got bonus, even in my current company that prospers and grows significantly each quarter, I would cash it too... unless I had a financial incentive to keep them, like my spouse does at her employer - bank... Bank gives

[GenericAdvocate]

greatplay, you are making us all crack a rib. Do you know why the insiders cashed their restricted share units? You call this a BONUS? Do you know why the managment pulled their financial forecasts? Are you the worst pumper that this bull board has ever seen (YESSSSSSS)???? Do you know that the drug you mentioned in your post just now was one of the ones that started this the hot mess over in

[Lumberfeverlong]

Do you even know how RSUs work?  Upon vesting, which is dependent on time elapsing and sometimes performance metrics being met, the RSUs are paid out on the basis of the share price at the time of vesting or during a short period before vesting date. All of these insiders were paid out under the plan. It is not the bearish sign you are claiming to make it.

[Shortingtozero2]

Lumber, They did not have to exercise them for cash.  If you claim they did, you show me the copy of that agreement.  They could have kept the shares if they felt there was upside potential.   So now you are saying they were forced to take cash for them?   OKKKAAAYYYY....   How come all of the insiders didn't cash their vested RSU's thenif they were forced to

[NOIRISH]

I know how RSU's work and they did not have to exercise them for cash on the vesting date.  They could have held on them, no company forces you to cash out your RSU's upon vesting - as that has tax implications to employees and defeats the purpose if you have to cash them as soon as they vest.  You can't exercise them for cash UNTIL THEY VEST, but there is nothing in the

[NOIRISH]

And for the record, I do receive RSUs as well as options under a plan and although obviously not Concordia, I am not forced to cash either when they vest.  So take what Lumber has said with a grain of salt when he says that they were forced to cash them on November 22nd, which coincidentally was the dae that the Bondholders said they lawyered up to force the company into Chapter 11

[Lumberfeverlong]

I will do more research on the company's rsu plan tomorrow. One thing I know for sure is that when RSUs vest, the market value is considered income meaning tax is payable on that that value. Exercising for cash is the smart thing to do to ensure the beneficiary has enough cash to pay taxes on the deemed income. That is why many plans simply pay out on vesting rather than leaving it up to the

[EyeDontBelieveU]

Then explain why No INSIDER has purchased shares if they thought that the company was viable.   Ya... didn't think you could.  These guys make 100X in salary what the average person who posts on this bullboard makes.  There are no excuses for not buying even if you continue to make excuses for them blowing out of shares. What an outfit this is. Even the thought that these

[NOIRISH]

Lumberfeverlong, You are wrong in your statemnet about tax treatment of RSUs. I believe that you are confusing Restricted Stock with Restricted Stock Units (RSUs). The two have differences and Invetopedia explains the difference between the two in an easy to understand manner for you. If restricted stock units are taken for cash, then certainly it becomes a taxable event. But if they are taken as

[Lumberfeverlong]

I'm not confusing anything, the below is taken from the article you quoted. My statement stands. The value of the RSU must be reported as income in the year that vesting occurs. The taxation of RSUs is a bit simpler than for standard restricted stock plans. Because there is no actual stock issued at grant, no Section 83(b) election is permitted. This means that there is only one date in the

[Lumberfeverlong]

I think people need to take what you say with a grain of salt sir.  The following passage is taken from the Concordia's last management information circular. "On each vesting date, the Corporation decides, in its sole discretion, whether to make all payments in respect of vested RSUs to the RSU Participant in cash, Common Shares issued from treasury or a combination thereof based on

[DanKwong1958]

I fail to see the point you are trying to make to Norish. The company settled the RSU's in cash to the insiders instead of shares.  This is not a bullish move, but you seem to think that it is.  If the Board of Directors thought that the share price was going to move up they would have kept them in shares.  Just like you or me decides to hold or sell.  If they had NO choice

[Lumberfeverlong]

I respectfully disagree. The Company not the insiders decided to force settlement in Cash. This means the company is not concerned about liquidity and prefers to avoid dilution. They were able to settle in cash when the share price is highly depressed. It was the right move for the company if they believe they can afford paying in cash. For the insiders this puts cash in their hands to be able to

[DanKwong1958]

Lumber, you talk in circles making everything from insiders blowing out of their stock as bullish.  The "Company" that you refer to as making the decision ARE the Insiders.  So if the company decided to take cash for the rsu's thenit is the same as saying the insiders decided wanted cash.  And they want cash because they know shares worthless in BK Who do you think

[greatplay]

As I said before, it's bullish when company pays bonuses, but a little bit bearish that was vested for cash, but in the end result it's neutral, because it's employee pay (like salary). I would have cashed too, even if I got stock... I need money not stock at the present time of the year. You can see stock trading as Neutral as well... closed around 3.55 CAD, and it's trading

[lnvestor198]

The rsu's were awarded at least six months ago - they just vested now.  So the company is not paying "bonuses" .  Your statement that you "need money now and not stock at the present time of year" is mind boggling to say the least - given that you post 24/7 on this bull board worst than PROTrader when he was pumping it for a quick trade.  As shamefull as the

[greatplay]

Shorters fill upset, stopped going down and now banks accumulating... In the regards to bonus, I couldn't find out anywhere in SEDI that was shares were given to the employees 6 months or 1 year ago, but it perfectly coincides with bonus time of the year and I would like to explain the most "smart" people company has no mone to give bonus, it gives shares. Stopped calling me pumper

[lnvestor198]

I don't really understand what you are saying.  Their vesting schedule is on SEDAR, why are you looking on SEDI for it?  You have made an assumption that just because it is near Christmas that it is a bonus?  OMG!!!  If this company gives a bonus to their executives after the stock has tanked 93% then its time to Run Like Hell !!!   And you are indeed a pumper

[greatplay]

You are worse dumper that I've seen.. Try finding about the filings on Sedar Per Sedar website all insider information stored at SEDI, as I've stated earlier.... https://www.sedar.com/sedar/faq_en.htm One more thing, about RSU's, per Concordia document... "On each RSU vesting date, the Corporation will decide, in its sole discretion, whether to make all payments in respect of

[lnvestor198]

Look buddy, I don't wish to argue with you on a public site.  The rsu's would have to have been gifted at least  months ago - they were not just given as a bonus and vested immediately.  The bottom line is that they could have gotten them in shares and they instead elected CASH.  That is a bearish sign any way you look at it.  Your argument that "it is

[EyeDontBelieveU]

Insiders took cash instead of shares because they don't believe shares will go up.  It has nothing to do with it being Christmas and needing the money for Christmas presents.  greatplay, these guys make millions, you really think they need the $ from their rsu's to go shopping?   The consensus on other sites is that they will declare chap 11 restructuring in response to the

[TraderBen]

greatplay:  Head and Shoulders isn't a dandruff shampoo.  -2.25% isn't that bad for cxr, its probaboy bullish for you along with everything else.   And I remember you said Friday you rebought on the Canadian exchange so now don't go changing your story and say you had CXRX and you never had a currency loss!!! But seriously, dude ...  to suggest that this company

[greatplay]

Shorts are dandruff and head & shoulders will help to treat them, thanks for giving an example :) Yep, I took position on Canadian side, I'm not changing LOL but I'm still holding minor profit on that position. 2.25% for previous losses that we had sounds like a present , though we could have ended higher. Something else I noticed interesting, yesterday TD was buying, today was selling

[DanKwong1958]

Sure greatplay... Was this another one of your success stories -- now delisted when you were telling everyone to "have patience" I encourage everyone to review greatplays history on posting on this sight by clicking on his profile, then "Bullboard post History" when he was calling for $9 on CXRX not so long ago. Bullboard Post History bygreatplay

[JustHarry1958]

I have seen a few bankrupt delist companies, and they all go down with stories that someone is "buying them out" to the very very end. DanKwong1958 wrote: Sure greatplay... Was this another one of your success stories -- now delisted when you were telling everyone to "have patience" I encourage everyone to review greatplays history on posting on this sight by