This is the end and exactly why the CFO bailed!Looking at the numbers and the need to sell the company via the First Lien Secure Notes to get survival money, I can see why the CFO left! What a mess! And that created even more debt and debt payments!
Concordia is like a guy who has maxed out his credit cards and "got new cash" by selling the rest of his house assets to a First Mortage Lender that takes priority over existing mortgage holders.
That's not done in the "real world" but done on the markets? Well, don't be surprised to see some more lawsuits here...