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Bullboard - Stock Discussion Forum Concordia Healthcare Corp. T.CXR.R

TSX:CXR.R - Post Discussion

Concordia Healthcare Corp. > Lattice, Chickening out?
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Post by MrHulot on Oct 30, 2017 9:43pm

Lattice, Chickening out?

I thought you were sure CXR going bankrupt?????
Comment by Iattice on Oct 30, 2017 11:15pm
MrHulot, I still think the equity will eventually be a zero but it is taking too long to get there and the cost of borrow is expensive. The last 50 pennies doesn't mean a whole lot to me and not worth my time to keep an eye on it.  There are many other short opportunities out there in biotech these days.  (And excellent long opportunities as well.)   Best of luck to all. 
Comment by WillyWally on Oct 31, 2017 1:20pm
It's funny when people tell you you've chickened out... after you rode the stock 90%+ down! Anyway, I only listened to you after losing 20% with the stock last year, it sucks but it could have been worse. Can't believe that ex-CEO is not in jail right now, it shows that you can do pretty much any sort of capital destruction in the US or Canada and then leave and happily drive your ...more  
Comment by rad10 on Nov 01, 2017 12:37pm
willy wally - it is amazing how there is animosity to a successful short trader - and life goes on as usual for former executives of this company. Margin calls on common stock in offshore holdings - don't even raise eyebrows. https://www.bnn.ca/concordia-international-ceo-forced-to-sell-505k-shares-in-margin-call-1.553424 “It is with great regret that I have been forced to sell shares in ...more  
Comment by WillyWally on Nov 01, 2017 2:03pm
Yep, these guys belong in jail. That's why I have no confidence whatsoever in the market.
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