RE:RE:RE:DO NOT DAY TRADE THIS STOCK OR YOU WILL END UP WITH NOT MUCHI got nailed on this too. There are legal cases going on in Canada - one of which I believe is being led by www.morgantilegal.com. I decided to cut my losses as usually not much is left for the shareholders after the lawyers take their cut (that is, if they win the case). I didn't want to be anymore out of pocket if the legal challenge wasn't successful - legal costs can add up. Up to you if you want to pursue. At one point, I had $600K invested in this dog and got out with a massive dent to my retirement savings. Could have been a lot worse as I was borrowing on margin - lesson learnt!
Sorry for all of you who have lost with this one - I feel your pain too.
WillyWally wrote: watchmeplz wrote: My average price per share is around $9 on this dog. Really getting out now what gain is that going to mean? I had 100k+ tied up in this and now worth under 2k! Really dont even want the loss on my books so just rather sit and wait hopefully the restructured company regains focus and can make the stock bounce once debt is cleared... i guess...? FML.
I share your pain, I drove that sick dog from around $35 to $15 before getting out. I am going to take part of the class action in Canada against Concordia.