Post by
AD31313 on Sep 13, 2016 11:15am
When is Mr Thompson's next Margin Call? I bet soon!
I used to support this stock and followed it right down to $20 after buying at $93. This company is a true dog and the asset write offs at the last quarter really prove just that.
Thompson will get another margin call soon and be forced to sell again, he lost 25% of his shares in the last forced sale.
Cinven is now down 90% on their shares from when they sold Amco to CXR last year.
Comment by
startraveller77 on Sep 13, 2016 11:21am
Cinven!!!!!!!!!!!!!! I swear my gut tells me they inked a deal with Goldm a long time ago and that has been the hammer on this stock since.
Comment by
AD31313 on Sep 13, 2016 11:25am
It wouldn't surprise me at all if Cinven bought long-term put options on their 19.5% stake so they are probably still locked mostly in to their $65 share value. I can't see why they wouldn't have hedged a lot of the risk away in their position since the shares were restricted from being traded.
Comment by
Craigbad on Sep 13, 2016 11:35am
Cinven made out like bandits even if the shares go to zero. If i recall correctly, they bought two UK companies on the cheap, jacked a few prices, called it Amco and dumped it on Concordia at a ridiculous multiple. They're probably having a good chuckle right about now.