Concordia Healthcare Corp. T.CXR.R

Quiet Board, So I will Make a Prediction

[Health123]

I predict that the Board will announce Chapter 11 restructuring before the earn out payment leaves the treasury.

[greatplay]

Bought some more, did your say the price will go to $11?

[Health123]

No, you have very poor english comprehension.  Good luck.

[greatplay]

I understood what you meant, but $11 sounds good, thanks for pumping :)

[Lumberfeverlong]

I predict the company will do an equity raise instead.  The share action the last few days does not support a prepackaged plan. There is huge support in the 3.50 ranges.

[DeathPool]

Ii am waiting for the pre-pack.    There is support until it blows, until it falls apart.   Some Canadian options money maker was asleep at the wheel and priced some puts incorrectly.  Now that nonsense is corrected ...  

[Lumberfeverlong]

With almost $500M innk you are going to be waiting a very long time.  There is no way the company does a recapitalization under Chapter 11 with that much cash on hand plus the $60M under the revolver. 

[DeathPool]

My intention isn't to argue with you lumber about how much money that you say they have or whether they are in a crisis (and they indeed are)...   but anyone who puts credibility into anything this management says needs to give their head a shake.  Insiders have sold stock and taken cash instead of shares on their RSU's for a reason.  They know its bankrupt.   There

[DanKwong1958]

This stock won't go anywhere until institutions start buying in and that won't happen because the company withdrew guidance and their financial forecasts on the last earnings call.  Hell, they counldn't even answer per drug revenue questions.   It will continue to trade like a penny stock and some people willl trade it for a dime I guess until Chapter 11 is announced because

[TraderBen]

I agree with Health. Banks aren't going to want to take the chance that there is further deterioration in their drugs so will push now for a restructuring strategy - and also the legal action has an overhang on the company   Will the guidance be able to service the debt will be the question that noone knows the answer  as still no word out from the CEO who has been at the helm now

[Lumberfeverlong]

I will take time out of my busy day today to verify your allegation that the company is unwilling to confirm that December interest payments will be made. I doubt the company will voluntarily default with all of that cash on hand. Your allegation is likely as misleading as the one a few days ago by you or one of your cohorts that the October interest payments were not made.  These are serious

[TraderBen]

Lumber.  Read my post.  I said NO response to a simple question. More importantly, can you please ask at the same time confirmation that they will be making the first part of the earn out that they committed to on  December 19th ...    and please post their written response, of course with your email address ddeleted to protect your identity.  I don't trust

[TraderBen]

Still, I have received no WRITTEN response from IR that the Board of Directors has authorized the December earn out payment .... or any of the coupons on the notes.    Shouldn't this be a simple "yes" response - after all they committed to it in a press release a couple of months ago. 

[rad10]

I guess because they committed to it - they dont see the need to respond.  Taciturn is the descriptor for CXR - IR.  I often tried to get through to Peeler - no response until threatening to pay a visit to the Oakville office.   They have a bunker mentality -  given the performance of the company, the multiple lawsuits pending, the organising bond holders and the tasteless

[Health123]

Sure pal.    There is huge support at the bottom of your screen at $0

[Juice004]

Hey Health123, Can you please inform the board that you were wrong about them announcing chapter 11 restructuring before payment leaves the treasury? If I remember correctly you didn't think they would survive past the 3rd week of December. People that relied upon your advice lost a lot of money by shorting or selling their long shares. I'm not one of them but I call it like it is. You

[Health123]

What I said was that the company would have been better off announcing restructuring while they still had money in the treasury.  They had $492.6 million Sept 30, Talk out $89 million for the payment they made today and now they have $410 million.  So what does that say about the cash they are generating from operations.  This company is toast, bag holders like you just haven't