We are in a hole, but not a bottomless pitCurrent situation
-contray to popular beief i don't think concordia is going bankrupt, and i don't think Allan is dumb enough to bring down his own and the companies entire reputation to the shareholder community by screwing us with a debt restructuring that de values our shares (devalued shares through debt restructure are only temporary until the company goes public again, anyways but thats not my point) What i do think he is going to do is he is putting all of the bagage from the last managment team in this years quarterly earnings, as suggested by another poster a few weeks ago. I think he is working on finding a way to get debts down so interest payments don't gobble up the entire company.
- Yes we are in a hole and i wouldn't be surprised if we hit a $1.00 price target in the next few weeks if no news comes out, but i do think Allan will turn things around by 2018. I wish i wasn't stuck in this mess, as i think most of you do, but we are and i accept it. its a peice of my portfolio that has been disappointing for the past few weeks, but i am willing to hang in there considering that we do have a few good cookies on the horizon.
What to look forward to
-10 + upcoming new products, possible deals with banks or debt holders to reduce interest or be lenient on payments until positve earnings (could be a pain for us shareholders, but i don't think the comp. would make a deal to screw over its true owners and get themselves fired). UK decision (a likely spike in shareprice is always a good security) concordia's case looks pretty good considering that the international branch was under Civen's ownership while regulation rules were being broken.