Concordia Healthcare Corp. T.CXR.R

AKIN GUMP STRAUSS HAUER & FELD LLP HAS BEEN RETAINED

[Health123]

...   By Bondholders.....     Don't say you were not warned Baggies

[Lumberfeverlong]

I read the article on Akin Gump being engaged as counsel to a group of unsecured noteholders.  There is nothing in the article suggesting they were engaged as bankuptcy counsel.  Noteholders are pissed about the recent precipitous decline in the value of the bonds, but that doesn't mean that bankruptcy is imminent.  They are likely trying to figure out whether they can get

[lnvestor198]

Only a bag holder can make this into something "bullish."  Ya, buddy, that's why the stock price fell 13% because its a good thing for equity holders when even bondholders don't want to take MORE losses in the future....    ?????    So in fact bondholders don't they they will recover $$$ in the future.  Bearish for equity holders and you are

[Lumberfeverlong]

The reality shorty is that the company has $500M in the bank and unfettered access to an additional $60M under the revolver.  Once Cinven payments are made they will still have over $350M. Chapter 11 is reserved for companies who cannot pay their liabilities as they become due. Do you see that happening anytime soon with that much cash available to them to pay liabilities???  Bonds

[lnvestor198]

Slumberfeverlong: The reality of it baggy is that you don't know how much money they have in the bank, because its surprise after surprise on this stock. I laughed at this guy which someone posted here earlier and called their earnings "PRETEND" Click and have a listen, I was rolling on the floor laughing when I heard this: https://www.bnn.ca/video/brian-madden-discusses

[EyeDontBelieveU]

Best post of the day. lnvestor198 wrote: Slumberfeverlong: The reality of it baggy is that you don't know how much money they have in the bank, because its surprise after surprise on this stock. I laughed at this guy which someone posted here earlier and called their earnings "PRETEND" Click and have a listen, I was rolling on the floor laughing when I heard this: