RE:Technical Analysis for CXRXgarbage ... no RSI and no cup of thea ..
OAKVILLE, ON, Oct. 13, 2016 /CNW/ - Concordia International Corp., today announced the closing of its previously disclosed offering (the "Offering") of 5 ½ year Senior Secured First Lien Notes (the "Notes") rate of 9.00 per cent per annum and were issued at 100.00 per cent of their face value. The principal amount of the Notes is US$350 million.
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the problem is not this cash ... the problem they have a lot of debt with +/- 8.5% of rate so they have +/- 320m$ of annuel interest paiement + capital ... i dont see any solution ... financial statement says :
+/- 650 revenu ..
+/-400 of operating expense
so they have only < 250m$ to pay interet and capital .. . so they dont have money to pay for the next 12 month ..
miracle does not exist . bankruptcy .. shareholder out of game ... canadian market is debt market ...