Concordia Healthcare Corp. T.CXR.R

Mixed messages

[uranicynic]

I have no doubt that the situation is dire at Concordia. I'm confused by the low volume of shares that are being traded today. The volume should be a thousand times higher to reflect the grim reality that is shaping up. Has anyone got an explanation for the lethargy?

[meetoo1600]

I believe, and have believed for some time, that most of the stock is being hoarded and is perhaps being accummulated, directly or indirectly, on behalf of parties -- such as Cinven, Goldman Sachs, for example -- who are already interested in the outcome from some other perspective and are seeking to inexpensively enhance their overall position.  This explains the low trading volume that has

[uranicynic]

interesting theory. I doubt we will even see 1% of the shares trade hands today.This flies in the face of all the doom and gloom of yesterday's results.I'm going to hang on a bit longer and see what happens. 

[12diabolical]

That theory being said, would the intent not be to lift the price at some point? possibly even substantially?  

[S2hadi90]

They would have to, or else it'll be dislisted from the NYSE by May 29, 2018. That's the deadline they were given. 

[uranicynic]

The big question is WHY? There is no point building a large position in a failing company unless there is some ray of hope in the near future. The pitiful number of shares that have traded today indicates the non-retail shareholders are hanging on. Why? I wish I knew.

[rad10]

Seems like something rather Machiavellian may be about to transpire.  Could it be to scupper a deal with the unsecured - handing the company over to the secured lenders?? It's a bit too conspiracy theory for me but the likes of GS and Cinven are so far ahead of the little guys like us.  (And way ahead of MT too for that matter  ;-)

[uranicynic]

Again, thinking out loud, I wonder if the unsecured creditors own a large amount of the equity and they know that whatever happens they will be okay. Remember the huge volume that happened on that day in December? Ordinarily the funds would have dumped their shares by the millions after those results were published.  The low volume intrigues me. This is all speculation and I would advise