Concordia Healthcare Corp. T.CXR.R

RE:RE:RE:RE:Shorts Hard at Work

[Lumberfeverlong]

Would you please post the letter from bondolder's lawyers if you have it or inbox it to me I haven't seen it.

BaytexBull wrote: Lumber, We disagree, but I guess that's what makes markets !  My read from the letter from the bondholders lawyers is that they will stop the payment to Cinven.  I guess we will see soon because I don't see how they can drag it out beyond Demcember 19th ..  Concordia has deferred it to the maximum allowed I do believe.    Wishing you a good day .... 

Lumberfeverlong wrote: In what basis would someone sue the board for making a payment it is contractually obligated to make. You spew complete nonsense. Cinven not bondholders are driving the bus. We are at their mercy not bondholders.

BaytexBull wrote: Just because they have hired PJT (from "sources") also doesn't mean they will untimately file for restructuring/bankruptcy, but it does make sense for them to do so now while they still have money in the treasury !!!  Why not clean out all the money while they are at it !!!

The issue is if they hold back 90m from the earnout payment to Cinven then this will trigger a default and the food fight will start.  And the corporation does't have much time left - Dec 19th is when the first earnout payment is due so they can't go on and on like they have been doing with "no news"    And this also explains why Investor Relations is not confirming anyone's requests here on whether they are going to make the payment to Cinven.  If they make the payment then another lawsuit will result against the Board of Directors.  If they don't make the payment then this will trigger a default.  Bondholders want Chapter 11 protection NOW, not in 6 months time when the M&A payments have been made ... and I believe that the bondholders are controlling what the company is doing.

I guess we will all know by DEC 19th.  Yippeeeeeeee, as this is such a painful stock they should just end it now.