RE:RE:RE:RE:RE:RE:Death spiralNot surprising that insiders want to get cash for their shares. As there is still a lot of potential downside if the bondholders force Chapter 11 restructuring.
On another note, a new (?) Seeking Alpha Article on Friday: This guy has a lot of followers - at least more readers that read the garbage by traders on this bull board. I am able to access the article but not sure if yo can access the full article without a subscription to SA. No mention of the restricted shares being taken for cash by insiders but maybe this news wasn't public at the time he//she wrote it.
Summary
The CXRX trainwreck continues with the equity down more than 90% from highs.
Bonds are trading at distressed levels.
Bondholders are starting to ask for a restructuring.
This would almost certainly mean the equity goes down from here.
DanKwong1958 wrote: I have confirmed this as correct from SEDI.com. Looks like it was disclosed by the company on Friday.
If this isn't the writing on the wall... I'm not sure what !!!
GULP Its bad enough that they aren't buying any shares but dumping a measly amount of restricted shares that I don't know how the f they even earned them because I thought they were tied to a performance benchmark. I wonder what that performance benchmark was and if this was all of their vested restricted shares. Thompson looks like he ceased to be an insider on 2016-11-08 so his data isn't available but I would bet that he exercised all of his for cash as well. Now his actiivty won't be shown as well as that sumag exCFO Saldanha who jumped ship in August. Gee, longs can't seem to get a break here.
daveinmiss wrote: adios not
Seems like $4.346 CAD was a pretty juicy price for numerous $CXRX insiders last Tuesday....
LOL. Good luck.
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