Guidance is Still Valid-Needs to be Repeated To all self-anointed securities lawyers on this board, if and when it becomes clear to management that a previously issued guidance will not be met, a company has an obligation to immediately disclose that guidance will not be met. If no disclosure has been made thus far, management still believes guidance will be met. I am a securities lawyer. So stop theorizing as to whether the company will meet guidance. Management still believes the company will meet guidance otherwise a press release would have been issued to the contrary. Moreover, shortly after the Brezit vote the company disclosed their natural hedge would mitigate against the effects of a lower pound for 2016 and that the company was performing operationally as expected. If that wasn't a reaffirmation of guidance just a few weeks ago, I don't know what else would be. This is pure panic selling based on the BS manipulation by shorts. This is a golden opportunity to buy more shares. I wish I had more dry powder to do so. For those who do, you know what to do before Q2 release. It will be to late after that. GLTAL and big finger to all shorts!
PS: CIBC was the biggest buyer of shares yesterday after they casme out with negative comments about CXR. This stock is being manipulated by every con artist out there. Q2 release should end this madness and give the SP the boost it warranrts.