Concordia Healthcare Corp. T.CXR.R

Question to all the knowledgable members

[Roller007]

Lots of new info has been presented today.  As a novice investor my question is whether this new proposed resolution to offer prefered shares is a sign of milking the shareholders or a measure to protect the company from a takeover due to the depressed share price.  If the latter reason is true then can I assume that it's a bullish sign.

[Lattice]

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[sunshine7]

"Blank-check preferred stock can be used to raise additional funds or as a anti-takeover defense. The inclusion of a blank-check preferred stock provision is used as an anti-takeover defense because the board of directors can use it to create a new series of preferred stock that may have special voting, conversion or control rights which could make a takeover more difficult." Sounds

[Roller007]

Sunshine and lattice:  thanks for the clarification. Voting against the prefered share matter makes sense but this action is a strong indicator of MT's conviction that the share price does not reflect Cxr true fundemantels.  That's a bullish sign from what I understand justifying my addition of more shares today and at every lower level from $33.  

[Lesalpes29]

Same for me, added low 33 and if it's going lower... Adding more 

[Lattice]

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[Roller007]

Lattice: my bullish signal is the fact that they trying to introduce these prefered shares. 

[Lattice]

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[Lesalpes29]

Right on target, prefered share is a very bullish sign. For those who are using the bankrupcy, that won't happend. Stop the fear... It's ridiculous.

[select1011]

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[Roller007]

Select: interesting point of view.   Isn't the institutional investor dissatisfaction and impatience already reflected in the share price plummetting from all the exits.  To your point though I guess if MT knows that more bad news is coming leading to a further drop in the share price, then a protection mechanism from a takeover at much lower levels from $33 can be achieved with

[select1011]

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[Roller007]

Select:  that's my fear, that there are skeletons.  The longs, me included, kept hanging on to the result release in March only to watch the SP crash upon release.  Frankly I'm not interested in waiting   To mid May for Q1 results just to watch a repeat crash.  

[select1011]

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[sunshine7]

Select, may I suggest that you sell your shares and move on. You have been bashing the stock that you profess to own for quite a while now and having conversations with what I think are your alter egos. If you don't move on, then it is clear what you are... part of the organized drive to drive CXR lower.

[Pj1958]

So Roller and Select , you are not waiting for Q1 results ... See you later, off you go to another BB. This one has had enough of you ... Bye Bye quote=sunshine7]Select, may I suggest that you sell your shares and move on. You have been bashing the stock that you profess to own for quite a while now and having conversations with what I think are your alter egos. If you don't move on, then

[Roller007]

Pj1958:   I won't wait for Q1 with blind faith like I did for the march results only to lose another fifty percent of my total investment. I just don't want to be side swiped if I can help it.  I'm not anyone's ulter ego and my loses in Cxr are real ( close to half mil at $33).  I have no problem pulling the cord and taking my loses here but I do believe in the

[Pj1958]

Cxr has delivered everything it promised so far, I am not blind , but I have done my DD and there is no reason for the share price to be where it's at. He brought this company from $7 IPO to over $100. The whole sector has been tarnished by Clinton , even though CXRdoesnt belong in that group. Then VXR damaged the sector further.The only bad timing on CXR's part was doing a new deal during

[PROtrading]

It's better than that.  The whole sector was tarnished by US short selling hedge funds.   They started with Drug Company CEO Martin Shkreli Who Raised life saving drugs 5000% on purpose to manipulate public opinion and raise government concerns. Now, they have a professionnal social manipulation team (the veggie gang) working this stock hard with lies, fabrications and the

[Scruggstyle]

I haven't seen the resolution, but I am surprised that the company is currently only authorized to issue common shares.  Virtually all mom and pop private corporations are incorporated these days with articles of incorporation that authorize the company to issue several different classes of shares with various characteristics.  The standard set of articles that I have lawyers use for

[Scruggstyle]

And yes, of course, voting pref shares could definitely be issued for the purpose of acquiring or maintaining voting control of a company.