Concordia Healthcare Corp. T.CXR.R

Stock Price after restructuring

[Adam001]

Does anyone expect the correct stock price to go over $1 after restructuring ? I am afraid that current stocks value become cents and the new stock of the new company become in high 20s .. This way It will end up in loosing any investment in the current stocks .

[MirrorWorldMan]

The existing shares will be exchanged for 1/300th of new shares, this explains why the new BoD did not previously buy any shares. Also, existing shareholders will only own .35% of all new shares in the company.  So unless the new share price is 300 times its current value we all lose money

[WillyWally]

I don't get why this current stock is still trading at around 50 cents, it should be trading at around one cent... who holds or buy at current price???

[checkup]

This post has been removed in accordance with Community Policy

[internalaudit]

I am not bashing as I also suffered a huge lost on LRN/KGIC when it went belly up. I think there's no point day trading this stock, correct, when it's going to be worth a lot less after the capital restructuring? Hoping daytraders are cognizant of this. existing shareholders retaining 0.35% of the common shares of recapitalized Concordia 

[internalaudit]

meant loss and I never gloat over people's losses, since I know how a big loss feels like but we can always recover the lost money as long as we are healthy and mentally capable.

[TickerTwit]

No one will recover. Revenues are falling steadily. No one, anywhere, should own this.