RE:RE:Concordia Healthcare CEO Mark Thompson Set to Appear On BNNI saw the interview. That's not exactly what he said. He was talking only about the 180M that they couldn't place, so instead they (banks) gave them bridge financing. In the end bridge financing is cheaper than preferred notes, due to their shorter term. He also mentioned that VRX started it all, and had to refinance their dept, as now there is less tolerance from note and bond holders.
The deal is done, and the "guidance" should as Mark said, correct the "misinformation" in the market.
Nothing is wrong, and people are interested and willing to buy the stock. That's why over two million shares were purchased today between the two exchanges ending in the green.
I don't care why people sell. Read my other post. I only know, people buy, because they believe it's going up.
Craigbad wrote: The guest on bnn said the debt had to be shelved, there were no buyers. The banks have committed to the debt so its their problem, they will get the money, but something is very very wrong. If people are unwilling to buy the debt they are unlikely to be interested in the stock. There are some big red flags here.