RE:RE:RE:RE:AKIN GUMP STRAUSS HAUER & FELD LLP HAS BEEN RETAINEDSlumberfeverlong:
The reality of it baggy is that you don't know how much money they have in the bank, because its surprise after surprise on this stock. I laughed at this guy which someone posted here earlier and called their earnings "PRETEND" Click and have a listen, I was rolling on the floor laughing when I heard this:
https://www.bnn.ca/video/brian-madden-discusses-concordia~984115
And you keep on telling the board how much they have in the bank and yet I am hearing that they can't pay their earn out payment to Cinven. Hmmm.... And yes, I think they currently have trouble paying their bills. You can not make statements for the company as far as their covenants are concerned or how much money they have.
Do you know how much litigation is costing? Do you know how much the sign on bonus for Oberman was? Do you know how many millions it cost them to get rid of Thomopson in his exit package? Do you know what the $90million liability is that the article referenced today? No, I don't think you know but you are sure trying to fool some people here.
It is reasonable to belive that since the bondholders have retained legal counsel to protect their interest that Concordia will have to lawyer up on bankruptcy counsel in response to the unsecured bondholders. If you think this is a bullish move, then perhaps you should have told the whole market that today.
Leave it to Bagholder Relations to make announcements for the company before you convince more people here to lose money so you can coddle them to make them feel good about it. Didn't you say after q3 earnings that you expect to see insiders buying that week? I believe that is what you said. Well, did you expect the Chairman to unload all his stock? LMFAO... You are either the biggest sucker on this bull board or a paid pumper for Concordia.