Concordia Healthcare Corp. T.CXR.R

Every week CXR debt seems to go up 1 Billion LOL

[MrHulot]

Chicken Farmer says the debt is $4.3B. Now Pro says its $5.5B. Next week another Cockroach will say its $10B. The debt, as of Dec 31 from their Annual Report was $3.6B.

Still a lot but let’s not BS.

[Health123]

It is about $4.3B because the debt is based on a constant currency exchange of 1.35 GBP/USD and it is far from that.  Remember they added $330 million in debt with the first lien note offering and it was $3.9B.  Perhaps Pro was stating the debt in CAD dollars.  Hulot, you are very quick to cry "BS" when it is quite obvious you have very little material knowledge about the

[Health123]

sorry, they added $350 million, not $330 as it looks like from the financials they paid $20 million to Golman Sacks for bookrunning the bonds.  I am surprised that note holders are not suing. Goldman SucccccKs made out alright, the retail investor just gets screwed..   again.

[MrHulot]

The 350million note closed October 13, 2016. Here is the debt from the Annual report as at Dec 31. $3,686,088   

[RodneyCameron]

Total debt = $long gterm liabilities + current liabilities + deficit equity = $3.7B + $.23B + $.38B  =  US$4.3B Cohodes is right, (of course) and the Debt is Greater than the Assets which is the problem and why no one will buy this turd out.  Its like owning a house that is worth $300,000 and having a 430,000 mortgage on it.   Sucks   

[MrHulot]

You forgot the $400 million cash on hand as of Dec 31

[RodneyCameron]

Oh no I didn't.  How much do you think they have on hand now?  They used a big hunk of that for the Cinven earnout -+ $120 million ncluding an 8% penalty because they deferred half of the payment.  And how much do you think Oberman got paid as a sign on bonus that will be shunted to Q1?  And how much for the FI advisers?  Oh and the lawyers that are defending their

[rad10]

13.5 million to the secureds. 37.5 million to the unsecured 2022s 27.25 million to the unsecured 2023s All paid in April.................... Secured noteholders will be owning this company towards the year end !

[MrHulot]

You Cockroaches follow “selective” accounting. The Cinven payout means there debt went down 120 million. Also, you are assuming they made no  money in Q1. We know they did because they are a cash-flow machine. But nice try.

[TraderBen]

Yeah well "The Coachroaches" are doing pretty good on the $HCG and $EQB short today, eh?  MrHulot, maybe you will think twice when you make fun of him Holy Moly  ...    Its Just Amazing ....  The chicken farmer sure knows how to sniff out fraud !   

[MrHulot]

UncleBen, I couldn’t care less about HCG or EQB. Actually I agree Canadian RE is in a bubble. However the Chicken Farmer is still an obnoxious, conceited, thin-skinned bully. The best is he says he trying to “help’ people. LOL. Why doesn’t he just admit he’s trying to make money like eveyone else. Je doesn’t care about anyone except himself. What a hypocrite

[TraderBen]

Actually you are wrong as he has taken the time responding to my emails and has tought me a ton.  I should be kissing his feet, he has a nose for sniffing out fraud!   I have learned from you as well, so don't feel bad MrHulot.  I know a bagholder now when I see one!

[MrHulot]

Yeah, UncleBen, he’s been an inspiration to me as well on how to make fun of people

[TraderBen]

Awwwww...   did someone's feelings get hurt?