RE:RE:RE:Oh This Stockapolgies... should have said "in prior
press releases" they always stated their remaining cash on hand but in the last one in this information was notably absent.
Any idea, anyone, what the legal defense is going to total to defend the four executives of Concordia against the Class Action Suit? Is is unusual for individuals to be named in a class law suit along with the comopany because I have never seen that before (usually the suit is just against the company, no?)
RodneyCameron wrote: The stock was 94% higher 15 months ago..... not sure what your point that you are tryig to make is and if anything it is a bearish one.
In the last press release, they did not make any reference to any "cash on hand" as you have stated.
In fact, I found that suspicious because in prior earnouts that always stated the cash on hand.
So again, not sure what point you are trying to make. Someone posted here on this board that top analysts are recommending this stock and that is a blatant falsity. The analysts that cover this stock are recommending a sell and have been for some time. If you say they are wrong, well Mr Hulot, then I guess you are saying that you are smarter than them (and I don't want to get into an argument on your creditials or what you ave offered on this board as it seems like you have something bullish (or cocahrochish to respond to every bear post here). "Believe" what you wish and I don't wish anyone to lose money here, but posting old information is outright misleading to potential investors. You don't have the recent scripts prescription data, nor do you have the knowledge of what is happening with the unsecured bondholders -
but what I know is that you don't get a 30% yield on bonds from a company that doesn't have some very serious problems.....
That is troublesome, and I believe the threat is Chapter 11, that is the risk here and the secured bonnd holders will do OK but the equity will be worthless if that happens (look at DRYS or SUNEQ for an example). The stock is very much trading like one they are about to restructure. Just saying. No need to get hostile, as I understand you need someone to blame for your losses.
MrHulot wrote: Rodney, the only reason I put that old target from RBC is to show you how wrong the analysts have been on this stock. 15 months ago a target of $77 USD. Today $1 USD. Which is the truth? I bet neither. It’s probably somehere in between.
The only risk here is bankruptcy. If you beleve that a Company that paid a $120 CDN million earnout on Feb. 1 with “cash on hand” is going bankrupt, then sell.