RE:bond holders call for immediate changes in letter from Nov 7BinTraden, The bigger issue here that you are missing is whether the Board of Directors can authorize the December 19th earnout. This would force the company to take Chapter 11 protection and a restructuring strategy that will not be good for equity holders. Not bashing, just stating the reality of whats ahead and there can be no question that a restructuring strategy is the future. Either way, the market cap says that the equity is ...I'll say it again.... worthless.
BinTraden wrote: Old news gee.....the bond holders aren't happy....gee no sheet...guess what neither are the shareholders....news kind of looks fabricated and from a very low quality site.......just like all those US law suit vs co. NRs that get posted.
In a letter dated November 7, 2016 that was obtained by Benzinga, noteholders counseled by Akin Gump Strauss Hauer & Feld LLP laid out five reasons to be concerned with Concordia's operations and business.
https://www.benzinga.com/news/16/11/8738965/concordia-healthcare-bondholder-calls-for-immediate-changes-threatens-lawsuit