Concordia Healthcare Corp. T.CXR.R

cxr cash horde

[killtrader]

shorts beware .  Comp[any has major problems but cash and liquidity not one of them .  They have the firepower to launch a major assault on the short sellers and will do so to drive equity back up to fair value .

[Craigbad]

Debtholders didn't cough up an extra $350 million to top up their bag of debt so they could buy back stock and make traders money. They did it so they didn't lose the Amco asset by default and to keep the lights on imo. Pipedreams are nice, but insiders don't usually become regulars on the top ten list of insider sales before a major catalyst! Lol

[Shortingtozero2]

Oh geez thanks for the warning.... And thanks for putting your post in BOLD ... It makes it even scarier!!!!!!     Maybe try ALL CAPS next?   Bahahaha  

[killtrader]

insider sales are the result of unending margin calls and forced liquidation .  House cleaning almost complete

[Shortingtozero2]

There is no such thing as "forced liquidation"     Is that like Crazy Eddies forced liquidation? Bahaha

[Nossy45]

That's absurd, yes there is. When you leverage your shares on a loan as collateral and the share goes down, the bank can 'force' you to sell your shares and pay them back. Also, you don't know the reason there is insider selling

[killtrader]

No forced selling ??  Are you kidding me ??  Ask michael pearson and his buddies at valeant

[Shortingtozero2]

LOL Newbie.  First day today?  Back door out of his stock and hope he gets thrown in jail for it. He had the liquidity to cover and didn't.  

[Craigbad]

Insiders were dumping again today, but they also sold into the pump last week. You don't get a margin call when the shareprice is going up.

[Shortingtozero2]

I hear sirens ....  you?   Only about $200,000 dumped today.....

[Craigbad]

I think there will eventually be sirens, but regulators are slow to act. If they continue selling tomorrow it may cause action soon rather than later though. They've drawn alot of attention to themselves by not filing on time and the lawsuits starting next week are bound to expose some more cockroaches, but selling within 3 days of earnings is a major no no.

[killtrader]

lets just say that most of the executive suite at CXR has been wiped out along with their bankers .    The brain,s  dead ,..but the tail is still moving .   Big changes coming.  

[Nossy45]

Didn't they take out another 350 million to pay 2 payments in december and feb? I know that Amco, which is now Concordia International Rx is worth 3 billion USD. It's a huge business. I know it's unfortunate that shareholders at $100+ paid for theese assets ... but to me paying $4.40 or less it's a good value ... am I right?

[killtrader]

going long at this price:  . the upside is much higher than downside and you,d sleep alot better at night .  you can only lose 100 % on a long ,.. a short has unlimited risk .

[cg16]

Craig did TMX pick up the selling today? Thx

[Craigbad]

Yeah, the marker trades have been showing up on the top 10 list consistently, but the company isn't reporting them as usual. Its shameful. Unresearched investors checking the normal channels will get a big surprise when they finally report.  https://www.tmxmoney.com/TMX/HttpController?GetPage=InsiderTradeMarker&Language=en

[cg16]

CB, I know that selling has happened last week but I checked TMX and didn't see any yesterday or today after close. Maybe I missed them somehow. I think most people could care less now if Thompson sells or is "forced to sell", whatever. Both shorts and longs want him gone. Based on share action today, looks like there is another trigger or two lower down.

[marxath]

Craigbad wrote: Yeah, the marker trades have been showing up on the top 10 list consistently, but the company isn't reporting them as usual. Its shameful. Unresearched investors checking the normal channels will get a big surprise when they finally report. https://www.tmxmoney.com/TMX/HttpController?GetPage=InsiderTradeMarker&Language=en cg16 wrote

[killtrader]

its inconceivable that insiders would openly flaunt the regs during a blackout period thereby leaving themselves open to criminal prosecution .  The selling is being conducted by their brokers to comply with margin covenents .    its just a question of how much is left to go

[Craigbad]

Well they'll have a hard time explaining why the sold into the last pump and dump when the stock went up 30-40%.

[killtrader]

you,re missing the point

[Shortingtozero2]

killtrader, You are so far off its not even funny.  

[Juice004]

Borrowedlife that's you right? They were no longer in a blackout period. They already announced completion of the strategic review so blackout period was over that day.

[Nossy45]

This company isn't going to Zero.

[Shortingtozero2]

EQUITY IS ALREADY TURBOFUCCCKED.  BONDHOLDERS MAY BE TOO...   The unsecured 6 year paper doesn't yield +20% for nothing KILLtrader.   BTW, where is PROtrader today?