VRX arrests today FYI Part I
Part I...Eugene Melnyk (Biovail) who has been critical of the present company, feels that the speed of the process whereby these 2 individuals were investigated/charged shows that the SEC wants this done with quickly & that these 2 were the ones 'thrown under the bus' & the rest just made deals. Bigger web of deceit underneath. Praises present mgmt.. Thinks that VRX stock will be multiples of what it is now in 5 yrs. time.
Kevin O'Leary would not be a buyer of the stock/bonds & says that the stock's value is a zero & any equity value left has to go to paying off the debt ($35.B) at what looks like will be at higher interest rates going forward. The bonds in five yrs are worth something, but the equity holders will be wiped out.
carlos