RE:CXR Investor Relations - ContactPretty sure no one on this board is more out of pocket than me with this stock. Out at $7.10 and never going back. Cut your losses as there is more downside to come. Don't make the same mistake as me - when a stock drops almost 12% in a day without any news, the only explanation is a leak from the inside - "Mark" my words. The only ones who will benefit from a bounce, if one ever comes, are insiders, not the retail investors. This isn't me bashing the stock, this is me trying to stop others from making the same mistake as me - I am out of this stock completely.
Please reach out to Concordia - details below, and ask yourself why they don't respond. It is because you are not important to them. The "strategic review" is simply a smoke screen to keep retail investors from bailing in the hope some positive news will come out soon. MT threw the retail investors under the bus in August and will have no problem doing it again. He takes his 9 million a year and has the lifestyle, so even if his company goes bankrupt, he will be okay. He knows this too and will be able to retire happily regardless of the outcome.
In comparison, I have spoken with Potash Corporation of Saskatchewan IR many times to date with regards to questions about their merger. This is an incredibly busy time for them and guess what, Investor Relations answer their phones. I was most impressed when I called Tim McMillan (Manager, Investor Relations) on his direct line and he answered first time. My point is POT care about their investors and don't have anything to hide. When IR of a company don't call you or email you back, that is a big red flag it itself. If there was good news coming, they would at least reassure investors.
In comparison, there are "safer" pharma stocks out there with postive cashflow which will likely provide better returns than CXR over the next year. It's hard to cut your losses now but this could get a whole lot worse and you could end up with a stock well under CA$5 as this downtrend continues.
Good luck to all!
TOMMY1 wrote: I got out [again] today at 7.12 for the very last time. My most recent sale of this stock resulted in a loss of over 16K, before that, I had a loss of 7K and before that, the big one of over 300K with their "surprise" Q2 results. I was like a moth to a flame and I just kept waiting for the bounce which never happened so kept buying and selliing. Problem is, when I bought, the stock went down immediately so I couldn't even catch the daily fluctuations. Someone on this board described it perfectly as "trying to catch a falling knife". Worst investment of my life.
Communicate with CXR Investor Relations like I did and see if you come to the same conclusion as me.
They don't care about their investors whatsoever. There is more to this and even if there are short-term bounces, I believe this will steadily continue downwards with more big drops along the way. When I had the stock in the 40s earlier this year (40% up on my investment), I would have never thought I would be getting out for the third time again at 7.10. Greed got in the way of this "bargain" priced stock and the lower the price went, the more of a "bargain" it became in my eyes.
When even the CEO will not step up and defend the company publicy, there is something up. I wanted to believe there was a buyout coming as a result of the strategic review and this was the reason for the radio silence. Sadly this is not the case and MT will let down investors like he always does with another bombshell announcement (after the shorts have already given us the heads up). The shorts will keep digging and the likes of Lattice and Craigbad have been right so far (for some time now) and they are the ones who are making the real money on this stock.
Here are some IR contacts for you:
Investor Relations (General)
investorrelations@concordiarx.com
Adam Peeler
VP, Investor Relations & Communications
adam.peeler@concordiarx.com
Tel : 9058425150 ext. 240
Mark Thompson - CEO
mthompson@concordiarx.com
Tel : 9058425150 (press 1 for the company directory and dial in his surname)