Concordia Healthcare Corp. T.CXR.R

Can buy the entire company for $90 million now

[dudsywow]

Until they pull the trigger on the restructuring, it probably won't trade to zero as the buy side will still assign some option value and short-covering will occur.

I'm wondering if there is any value left in the bonds (ie: 2023s trading at 19 now).  Has anyone taken a position in the bonds?

[SpankedOnPaper]

There is no value in the unsecured bonds until they do Chapter 11 Protection from BK Rad has first liens I believe I read on this board,  so (s)he must be an institutional holder It is now looking like first liens won't get their money - The Bid Px is at 67.5 cents on the dollar now Banks are before the first lien note holders along with creditors (and I imagine the litigants of the