RE:RE:RE:RE:Nobody is safe in Concordia goes under.suitman87 wrote: rad, you are the most arrogant investor i have ever met. you do realize that if the corpt goes under is unable to pay half of its debt, the bondholders will get only half of what they put in right? and the bondholders and pleading for concordia's bankruptcy so they can profit not so much...
No suitman, the bonds are not created equal and rad is right. First on the line to get paid are the banks, then the first-lien notes (ask trading at 69.5 cents on the dollar) and then the unsecured bonholders (asking 19-22 cents on the dollar). Equity would get nothing. I don't think you are in any place to call rad an arrogant investor; when you do nothing but post 24/7 on this bull board like its your job. According to when you first started spamming this board, you are down more than 30% on your investment, so I hope that not too many people take what you say seriously.