RE:RE:What do you make of that news?On December 16, 2016 I had written....."I think the next news release, probably before the end of the month will be about Cordy and Lyncorp refinancing Cordy's debt to Lyncorp." This is how they refinanced that debt, they eliminated it completely by selling non core assets to Lyncorp. I beleive Cordy is making room for acquistions, reducing debt load so they can take on new debt loads from acquistions.
Lyncorp is a privately held company so if they were to take over Cordy then that would mean they are taking Cordy private and it will no longer trade publicly so I don't think that will happen. Lyncorp has been kind of a lifeline for Cordy because when Cordy needs financing or cash to carry on operations, Lyncorp is there to the rescue. Then when Cordy is doing better, they pay Lyncorp back. I have watched them do this for over a decade now. Like management said, the water tanks are not part of thier strategic objective. So why not sell it to Lyncorp and eliminate that debt.
David Mullen is the single largest shareholder of Cordy and that is why he is involved so much with Cordy. He owns 13.5% of the 200 million plus shares outstanding. I saw a million shares appear on the offer yesterday, January 12th at 5 cents. My geuss is Cordy is working on an acquisiton being done with 5 cent Cordy stock so they do not want the share price going above 5cents. Once the deal is done, if the million shares has not been taking out by the market I bet you see it disappear. Then the news release will happen a short time after that and all of sudden Cordy is trading at a dime. Once the first news release of an acquistion is out, then hold on to your hats because I think there will be several more like it to come.
Again, it is just my own opinion. I do not care who buys or sells as I am not trying to pump this stock up because no single individual owns enough shares to manipulate the market on Cordy, including myself. Everyone do thier own due diligence and buy or sell accordingly. Good Luck.