Concordia's continued poor performance Concordia management and board are fast becoming some of the worst in capital markets. They have completely destroyed their share price and botched their plan to sell the company. They continue to have heads in sand while their shareholders watch their investments evaporate. The management's usual refrain of being unfairly under attack by short-sellers is utterly irrelevant and meaningless to shareholders. If short-sellers are attacking them, it is because they have weak management and board.
Concordia's management has demonstrated inability and unwillingness to take meaningful action to rescue their stock. They seem to be oblivious and incapable. Shareholders need to make a note of the individuals running this company and stay away from anything they get involved with in the future. In the meantime, investors should demand resignations and immediate sale.
Our unequivocal message to the board is put an end to the unsuccessful "strategic review" process now and outline a plan to reduce the debt and create shareholder value. You have failed your shareholders. The status quo is unacceptable.