DeathPool wrote: investin, As I have stated, there is an update to the news. However, due to disclosure rules that
come with the subscription I can not post articles that are not made public. I have posted what
has been made public from the past which I think substantiates the rumours that were previously
called lies on this bullboard by pumpers. My intention is only to share news that I am able to, what
you or investors do with that news is entirely up to you.
I think that everyone, long or short, can agree... the company should disclose exactly what the debt
market first lien holders and unsecured bondholders are fighting about. Equity has been turbofuccked
for the last ten months because of nondisclosure and I trust that you are an equity holder? So I am
confused why you are trying to shut down ("go back to sleep") the flow of information that I am
providing here that is within the scope of my subscription agreement. Saying its old news is your
opinion, as many people here do not review the bull board daily and I can say with confidence that
not many here have seen the published version of this news citing the ad hoc committee engaging
legal counsel, as short sellers here speculated weeks ago and were called out as "propagating fear".
Chillex... I mean no ill-will to anyone here. What is said on this bull board does not affect the share
price contrary to what many are posting here. Institutions will have to move it. And it may take
three (at minimum of two), good guarters for the company before this will be looked at again by
institutions.
As for now, iinstitutions and funds will not buy in (or more accurately, CAN not) without any
financial forecast or forward guidance. Just because the company said that there are no "near term"
liquidity issues is not enough for institutions to take a leap of faith. As retail investors, it is 100%
your decision, but a gamble. If the company releases gidance that indicates that the debt can be
serviced, you will see a bounce in the share price (going on record here... I think longs will agree
with me...) But for the moment the share price will continue to be volatile as a restructuring strategy
is being discussed.
DeathPool wrote: For anyone who is interested, two previous news releases can be viewed on @Chapter11Cases Twitter feed.
Further updates to this news article are not available to the public and are only available by subscription
to Debtwire. I don't know if Research Reorg has made information available to its subscribers.
DeathPool wrote:
rad10 wrote: Jones Day is an unsecured holders group I believe.
Nope,
Akin Gump was engaged by the unsecured holders. And this was made public so I am able to disclose. And to be clear, when I said time to come clean I was not directing that at you, I was directing that statement to the "Corporation" .
Concordia ad hoc bondholder group seeks to sign NDA; outlines concerns in letter
23 November, 2016
by Jon Berke, and Paunie Samreth
An ad hoc group of Concordia International unsecured bondholders has sent a letter to the CFO Edward Borkowski expressing concerns about the company’s prospects in light of near-term financial and regulatory developments.
The unsecured bondholders, who collectively hold under 50% of the company’s USD 790m in 9.5% senior unsecured notes due 2022 and USD 735m in 7% senior notes due 2023, are organized with legal counsel Akin Gump.