RE:I love how Dan Shorts like Health123 thinks she knows it all and has been bashing the company over the past month how they will be announcing Chapter 11 Bankruptcy before any payment gets made to Cinven because bondholders control the company now and they won't allow the payment to go through etc etc. She expressed this various times with certainty. I'm not "all excited" now, yes it's a positive for shareholders but the point I'm trying to make is own up to your BS posts and admit you were wrong. I should have known that people that come across as condescending in their posts never admit their own faults but are quick to point out the pumpers who make the same mistake at the expense of shareholders. A agree that Concordia will have a difficult path going forward and I do respect a few shorts here like Deathpool who always has some great information to share but I don't believe the company will be toast unless the fundamentals continue to deteriorate.
DanKwong1958 wrote: All the longs and traders are all excited today and telling the shorts how wrong they are. Jesus man, the stock is down like 94% and are all warm and fuzzy because there is short covering today in the bio sector - Valeant and Endo all up over 5%. Its great that you are all of a sudden celebrating, but from what I've seen on this company traders are quick to take their profits when the momentum trade stop talking to them... The company paid their first payment and that is good, but really there was nothing but three other negative things in the press release. And they have another 100+ million due to Cinven Feb 1 - and that is a short time away. They did not succumb to the bondholders legal threat to sue if they made this payment, that for the moment the market sees as a good thing - but that may turn out to be a bad thing for equity holders if you really think about it.