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Bullboard - Stock Discussion Forum Concordia Healthcare Corp. T.CXR.R

TSX:CXR.R - Post Discussion

Concordia Healthcare Corp. > bond holders call for immediate changes in letter from Nov 7
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Post by BinTraden on Nov 25, 2016 9:57am

bond holders call for immediate changes in letter from Nov 7

Old news gee.....the bond holders aren't happy....gee no sheet...guess what neither are the shareholders....news kind of looks fabricated and from a very low quality site.......just like all those US law suit vs co. NRs that get posted.

In a letter dated November 7, 2016 that was obtained by Benzinga, noteholders counseled by Akin Gump Strauss Hauer & Feld LLP laid out five reasons to be concerned with Concordia's operations and business.


https://www.benzinga.com/news/16/11/8738965/concordia-healthcare-bondholder-calls-for-immediate-changes-threatens-lawsuit
Comment by Shortingtozero2 on Nov 25, 2016 10:04am
BinTraden, The bigger issue here that you are missing is whether the Board of Directors can authorize the December 19th earnout.    This would force  the company to take Chapter 11 protection and a restructuring strategy that will not be good for equity holders.  Not bashing, just stating the reality of whats ahead and there can be no question that a restructuring strategy is ...more  
Comment by greatplay on Nov 25, 2016 10:09am
You guys are funny... If I have a bill that is due in 2 weeks, I can pay it today, if I want, why company needs to wait 3 more weeks until bond holders organize a court hearing? Also it ddin't go to court, bondholders contacted a law firm... I can personall contact a lawyer for anything to get an advise, it's normal practice.... Concordia can actually pay December & February payments ...more  
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