Concordia Healthcare Corp. T.CXR.R

Scotia liquidated 700k shares in a margin call

[Buriedincxr1]

can anyone confirm.  If true then this is thomspons shares most likely

[patenright11]

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[startraveller77]

No, he is correct, scotia sold 700,000 due to margin call....few holders have that kind of position, if it is MT it will be disclosed soon.

[Buriedincxr1]

Why did he not cover.  This is not good. Last time at $12.30 and now around $6.4.  What is the next leg down. He must know it going lower do did not cover.  Only explanation. 

[Hockeyz]

 Again,  The terms of that  FORCED sale at $12.30 was  agreed to back in April 2016  with the lender. What if for example MT covered  at that $12.30 price and subsequently the company was taken over at a higher price. Then MT would be charged with insider trading.  That is why the terms are agreed to prior to the strategic review. 

[LaticelnExile]

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[Buriedincxr1]

Hockey: you are wrong. He could have covered with no consequences. I researched this matter heavily.  Thompson let go these shares and he had the liquid to cover, that in my opinion is insider trading.   

[LaticelnExile]

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[Hockeyz]

 Actually you are wrong.  The choice is  taken out of MT's hands by the agreement before the strategic review. That is why there is no insider trading because MT has no choice. Otherwise  if they have a choice in the matter it would always be insider trading if they cover  or not cover during the strategic review. 

[LaticelnExile]

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[greatplay]

It's not his agreement, it's Market; you can't buy or sell, when it's not allowed; covering is the same as buy or sell... It's similar to US President giving his money to manage a specific firm, so he doesn't have influence to his money portfolio.

[Buriedincxr1]

Hockey:  your information is not correct.  Let's agree to disagree.   I know for a fact that he could have covered and that he had the money to do so.  Do u not find it a bit suspicious that by letting go those shares he saved in one month around 14 million dollars. 

[Craigbad]

It might have been fundtrader....he started buying 5000 lots at $24 and he averaged down to get his average cost to $7 so he would have a whack of shares. When he didn't get the "$2 gap up" he predicted this morning the bank may have moved in.

[LaticelnExile]

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[LaticelnExile]

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[Buriedincxr1]

Who is?  Credit Swiss. 

[LaticelnExile]

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[LaticelnExile]

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[Buriedincxr1]

I meant to say that I knew credit Swiss was one of the banks.  Also Goldman is involved in this in all fronts.  My sense is that they will take it to zero to get rid of the shareholders at which point bond holders and the banks owning the debt will rip it apart like vultures and get the good assests at a discount.   Why buy the company when you can get it for free and make loads of

[bucephalonagain]

Of the 700,240 shares Scotia sold today, 362,000 were crossed in house at 15:58 for $5.85 per share.

[PROtrading]

Yeah!!!  You REALLY called it!  LMAO!!  If true.... most likely....  LMAO! September 21, 2016 - 08:48 PM 172 Reads Post# 25263472