RE:RE:RE:Put Yourself In MT's ShoesIt pisses me off as well that the company has done nothing to fend off the ''attack''. However, I don't know to what extent the management's hands were tied during the whole process.
Perhaps they still are since in the last release on the matter they said no more comments would be made on the outgoing review.
I'll give him the benefit of the doubt since communication is highly restricted during this type of process in general. If MT remained silent because he didn't want to bother ( would be surprising ), he obviously needs to be replaced. Assuming that the company was able to intervene, the share price would probably not have nosedived like it did and it could have played in our favor for a potential buyout since the equity would have had a higher valuation.
Fundamentals aside, we all agree it's been a mess lately. The recent Photofrin release is very positive and Douglas Miehm of RBC Capital made it clear that if it goes forward on the right direction, it would be a big bonus for Concordia. It could compensate for declining Donnatal sales if that's how things unfold.
notwrong wrote: I think Longboarder described a very plausible scenario. Based on the scenario he has depicted, it gives a plausible reason why the CXR CEO has been mum on further development ever since he announced the start of a strategic review, ,that is, it is likely negotiations are still ongoing for the sale of the company.
What I have been critical is that he should have come out long ago to aggressively refute rumours and attack back instead of taking it lying down when short sellers began attacking his company relentlessly. If he had done so, the outcome could have come out much better. Maybe those companies under the siege of short attacks can gain some inspirations from what the money god does in the ongoing U.S. general election. Anyway, let's see what will transpire in the next few weeks or so.