RE:RE:Possibility for the turnaround catalyst. You should let Rbc know. Lattice was nice enough to post this excert from Rbc's downgrade today.
We anticipate that Concordia may draw on its revolver in order to pay a portion of its contingent consideration, but we do not believe management will draw more than 30% of the $200MM. We believe investors could react negatively to a revolver drawdown that approaches the 30% threshold." Even RBC doesn't think they make all the earnout in October and will defer 50% to give them four more months to burn the fire.
patenright11 wrote: cash as june 30 exceeds the payment so all this they might defer 50% is fn BS