I got out [again] today at 7.12 for the very last time. My most recent sale of this stock resulted in a loss of over 16K, before that, I had a loss of 7K and before that, the big one of over 300K with their "surprise" Q2 results. I was like a moth to a flame and I just kept waiting for the bounce which never happened so kept buying and selliing. Problem is, when I bought, the stock went down immediately so I couldn't even catch the daily fluctuations. Someone on this board described it perfectly as "trying to catch a falling knife". Worst investment of my life.
Communicate with CXR Investor Relations like I did and see if you come to the same conclusion as me.
They don't care about their investors whatsoever. There is more to this and even if there are short-term bounces, I believe this will steadily continue downwards with more big drops along the way. When I had the stock in the 40s earlier this year (40% up on my investment), I would have never thought I would be getting out for the third time again at 7.10. Greed got in the way of this "bargain" priced stock and the lower the price went, the more of a "bargain" it became in my eyes.
When even the CEO will not step up and defend the company publicy, there is something up. I wanted to believe there was a buyout coming as a result of the strategic review and this was the reason for the radio silence. Sadly this is not the case and MT will let down investors like he always does with another bombshell announcement (after the shorts have already given us the heads up). The shorts will keep digging and the likes of Lattice and Craigbad have been right so far (for some time now) and they are the ones who are making the real money on this stock.
Here are some IR contacts for you:
Investor Relations (General)
investorrelations@concordiarx.com
Adam Peeler
VP, Investor Relations & Communications
adam.peeler@concordiarx.com
Tel : 9058425150 ext. 240
Mark Thompson - CEO
mthompson@concordiarx.com
Tel : 9058425150 (press 1 for the company directory and dial in his surname)