RE:RE:RE:RE:RE:Thin VolumeBelow is the full quote of MT's forced sale of shares. No where does the press rlease mention that the shares were pledged to secure existing debt. He got a loan, purchased shares and pledged those shares as security. That is what I read from the press release. I don't dispute that some companies prohibit insiders from purchasing margined shares, but please post Concordia's anti-hedging policy for directors you continue to refer to, as I have not been able to find it. If you post Concordia's anti-hedging policy and cite specifically where you got it, you can claim victory on this one. You don't I do.
"The shares were pledged to secure loans made to Mr. Thompson, and the sales terms were agreed upon, prior to the Company’s April 21, 2016 announcement that it had formed a Special Committee to evaluate strategic alternatives. The financial institution executed the share sale after Concordia’s common shares declined below a certain market price. Mr. Thompson continues to hold 1,620,251 shares of Concordia.
It is with great regret that I have been forced to sell shares in Concordia,” said Mark Thompson, Chairman and Chief Executive Officer of Concordia. “Since founding Concordia three years ago, I participated in the initial equity offering and two subsequent financings and invested further last fall. This sale in no way diminishes my confidence in Concordia’s business and prospects.” Concordia’s senior management team is currently in a blackout period until the conclusion of the review of strategic alternatives and cannot proactively sell or buy shares at this time."
LatticelnExile wrote It is clear you don't understand what the CEO did. He did not purchase shares by getting a loan. He pledged his shares that he already owned as collateral against debt. He placed a put so he had a back door out of his shares. Refer to the anti-hedging policy for DIrectors that the corporation that prohibits them from using financial instruments against a decline in share price so that you can get up to speed on this issue instead of embarassing yourself here. Best of luck to you in your long bet and your "lawyering stuff" lol.
Lumberfeverlong wrote: Lattice, you and your gang of manipulators will say anything to instill fear, uncertainty and doubt. Statements of risk relate to risks associated with the company. A CEO purchasing shares by getting a loan poses no risk to the company's prospects. It is this unreleantless short attack that has caused tremendous harm to all security holders who are not holding a short position. Yes, the stock should not be trading near its 52 week high given setbacks over the last few months, but there is no ryhme or reason for the stock to be trading at 1X 2016 EBITDA. That kind of market valuation is completely attributable to efforts by you and your cohorts. Absent any news from the company, I suspect the good times are going to continue rolling for your short and distort gang. Q3 earnings release is a long way away. The company needs to announce something positive soon to put an end to this madness.
LaticelnExile wrote: Lumberfeverlong wrote: Agreed. I think they are also trying to see if they can Shake some more of MT's shares on a margin call. The thing is they don't know if any of his other shares are margined. That is why they keep on clamouring for more details about MT's shareholdings. This is end of days for games. Full reversal just around the corner.
quote=88guy88]just some shorts having some fun scaring nervous investors.....the longs day will come soon enough and the shorts will be much much more humble.....just sayin
If you say so bro' .... some countries you have to disclose this in your SEC
Statement of Risk, but aren't you a securities lawyer?
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