Synergy Pharmaceuticals Inc fka SGYPQ

[biotech_researcher]

Bausch Health Acquisition Of Synergy Assets Should Increase Valuation By $1 Billion $BHC


https://seekingalpha.com/article/4246535

Incredible irony....

[pauljon4]

and the assumption of certain liabilities... i.e. the remainder of debt to, I believe, CRG.

[iDeVos]

the company is bankrupt and has sold all its assets.
believing anything else is fantasy...

According to the news release (see the link below), BHC acquires only "certain assets" of Synergy Pharmaceuticals Inc. If you claimed "all assets" then can you please share the info on who else acquire the rest of Synergy after BHC? Thanks!

Bausch Health to Acquire Certain Assets of Synergy Pharmaceuticals Inc.
https://finance.yahoo.com/news/bausch-health-acquire-certain-assets-230400255.html

[kex0414]

Anything is possible. It's the laws of probability, and failure to understand them, that will get you every time.

[Blue Sun]

The day is not over.. Risk and Reward.. IMHO

[Blue Sun]

Could follow Lampert's play book? 38% up after filing for BK..
https://markets.businessinsider.com/news/stocks/sears-stock-price-nearly-doubles-day-after-bankruptcy-filing-2018-10-1027622853

[kex0414]

Could be "Q"; could be "V". Could be both.
It will be at least 10 days either way.

[biotech_researcher]

Thought you would like it! Classic

[handyman54321]

Why no news today? I thought the deal was supposed to be finalized today. When is SGYP going to get its Q?

[Blue Sun]

Hahaha the Scarecrow end up being the smartest out of the group...
That a National treasure...Good One

[biotech_researcher]

OK:

[Opti Mist]

patience, grasshopper.

the company is bankrupt and has sold all its assets.

believing anything else is fantasy.

Opti

[Blue Sun]

Tell me this ,The all an powerful OZ. Why hasn't the SEC added a Q after the ticker symbol if it's in Bankruptcy? That's the Law...
did you see the report filed with the SEC on Form 8-K. This report must contain a summary of the plan, but sometimes a copy of the complete plan is attached. It's still pending..
https://fintel.io/doc/sec-sgyp-synergy-pharmaceuticals-8k-2019-march-02-17959

[Blue Sun]

I mention the application discharge hopefully the BK would follow,you took it one step further and said that I meant only the BK, oh well who knows what will happen this week.

[420man]

Once the back and forth of issues of SGYP selling to Bausch is over and finalized, SGYP will very likely exit BK as pretty much a shell (in regards to traders/investors interest). After delisting, and the Q possibly removed in the coming months, they will then (If they still exist), most certainly have to seek institutional funding. Very interesting how this has, and is unfolding, along with how the stock has traded over the past few months!

[Opti Mist]

Wait a minute! You swore the judge disapproved the BK. Why did you change your tune? What are we supposed to believe from you?

Opti

[Blue Sun]

Bankruptcy is about to be Over. may convert to Chapter 7. OPTi Musk LOL..
https://budgeting.thenest.com/cancel-bankruptcy-after-its-filed-23238.html

they should have enough money from the sale to pay the bills..IJS

[Blue Sun]

Things could change in the courts, but when you're as old as Stalin you're stuck in your way.LOL

[iDeVos]

And another doc# 489 scheduled hearing on Tuesday 03/12:
https://cases.primeclerk.com/Synergy/Home-DownloadPDF?id1=MTA3Mjk1Mw==&id2=0

[althegambler]

Not sure if this means anything but doc 488 just came out and the US Trustee, Wm. Harrington is requesting the court to deny the approval of the disclosure statement in its current form. I would have to say he is giving them a hard time.

[Opti Mist]

If you think these guys are fruitcakes, check out the series of posts beginning at 4140.

LOL

Opti

[handyman54321]

Is this the calm before the storm? I believe that this could take off anytime. The deal closes tomorrow.

[Opti Mist]

Surely no one is fooled by his posts. What possibly could be his motivation? At least he has Abandoned his hysterical claims that the court rejected the BK.

Opti

[nsomniyak]

That article is filled with old data

[Hunkachunk]

Investors Should Look Beyond Its Near-Term Weakness: Synergy Pharmaceuticals Inc. (SGYP)
https://nmsunews.com/2019/03/04/investors-should-look-beyond-its-near-term-weakness-synergy-pharmaceuticals-inc-sgyp/

[Blue Sun]

Zero debt if the $200 million is allocated properly.
The sale of Synergy's assets, including all rights to TRULANCE® (plecanatide), dolcanatide and related intellectual property, is now expected to close on or about March 5, 2019 (DONE)
Could be a fresh start?.. time will tell..

[Opti Mist]

Cautionary Information Regarding Trading in the Company’s Securities.

The Company’s securityholders are cautioned that trading in the Company’s securities during the pendency of the Chapter 11 Filings is highly speculative and poses substantial risks. Trading prices for the Company’s securities may bear little or no relationship to the actual recovery, if any, by holders thereof in the Company’s Chapter 11 Filings. Accordingly, the Company urges extreme caution with respect to existing and future investments in its securities.

A plan of reorganization or liquidation may result in holders of the Company’s capital stock receiving no distribution on account of their interests and cancellation of their existing stock. If certain requirements of the Bankruptcy Code are met, a Chapter 11 plan can be confirmed notwithstanding its rejection by the Company’s equity securityholders and notwithstanding the fact that such equity securityholders do not receive or retain any property on account of their equity interests under the plan.

http://ih.advfn.com/stock-market/NASDAQ/synergy-pharmaceuticals-inc-SGYP/stock-news/79389997/current-report-filing-8-k

Opti

[Lenard]

just giving you a hard time

[420man]

Correct...just watching to see how it unfolds. As for your "babble" comment...I believe that's exactly what the board is for...discussions in regards to the stock. Thanks for being an Azz-hat.

[Lenard]

.

I'm not in, nor am I planning to trade this

Yet you babble more than anyone

[Ozzy_23]

My question exactly. No assets, nothing physical about it. That said I am curious if this thing goes up early day Monday. A lot of attention across all social media’s.

[420man]

Forgot to mention....if this ticker gets any type of strong buying that comes in, it won't matter what's happening with the Company...shorts would be forced to cover. JMO

[420man]

Going to be interesting to see what unfolds this coming week....

1. You've got Bausch approved to purchase substantially all SGYP's assets.

2. SGYP earnings are anticipated to be released the early part of this week.

3. The BK "Q" added Most likely end of this week and delisted in early April.

4. Short % back to 11% on Thursday and likely more on Friday... https://fintel.io/ss/us/sgyp

5. And a bunch of pissed off bagholders mixed with BK traders looking to play.

[althegambler]

I almost forgot, as a former CFO now retired, is this all about NOL's plus other things not given up to the greedy ceo at Bausch?

[althegambler]

like most people who have seen t;his whole thing materialize to its conclusion, there is one thing I am confused about. when I saw the action on Fri. after it was obvious the numb nuts who created this whole fiasco got their wish, I am trying to figure out who the hell is buying all those shares and why. according to most this is a done deal but the buying goes on amidst the selling. there is something about this whole thing that stinks.

[handyman54321]

When is this stock getting a "Q" added to the end?

[Blue Sun]

My mistake.. https://ir.synergypharma.com/financials 86M

[nsomniyak]

Um, that is the transcript of the BHC conference call, not a SGYP conference call!

BHC could well have assets in the billions. SGYP no way no how not ever.

[Blue Sun]

How could a company representative i.e Joe Papa inflate the numbers read it in the transcript...
https://finance.yahoo.com/news/bausch-health-companies-inc-bhc-220849010.html
BHC earnings call for the period ending December 31, 2018.

[nsomniyak]

He is either intentionally trying to mislead people, dumber than rocks, or both.

[Opti Mist]

Posted six times at the top of the board, yet we still have a deranged poster stating otherwise. What is it that motivates certain people?

Opti


SGYP News: Synergy Pharmaceuticals Receives Court Approval for the Sale of Its Assets to Bausch Health
03/01/2019 06:30:00 PM
SGYP News: Current Report Filing (8-k)
02/27/2019 06:05:55 AM
SGYP News: Bausch Health to Acquire Certain Assets of Synergy Pharmaceuticals Inc.
02/26/2019 06:04:00 PM
SGYP News: Bausch Health to Acquire Certain Assets of Synergy Pharmaceuticals Inc.
02/26/2019 06:04:00 PM
SGYP News: Synergy Pharmaceuticals Confirms Bausch Health as Successful Bidder for Its Business Assets
02/26/2019 06:00:00 PM
News Alert: Synergy Pharmaceuticals Receives Court Approval for the Sale of Its Assets to Bausch Health

[nsomniyak]

Um - reread your own post. Assets were never in the billions.

You are looking at the numbers for two periods in a table, both of which are in the thousands, as a single number in the billions.

THat may be the goofiest valuation I have ever seen. Hope you did not buy based on that.

[Opti Mist]

Synergy Pharmaceuticals Receives Court Approval for the Sale of Its Assets to Bausch Health

NEW YORK, March 1, 2019 /PRNewswire/ -- Synergy Pharmaceuticals Inc. (NASDAQ: SGYP) (the "Company" or "Synergy"), a biopharmaceutical company focused on the development and commercialization of novel gastrointestinal (GI) therapies, today confirmed that the previously announced agreement with Bausch Health Companies Inc. has been approved by the Bankruptcy Court. The sale of Synergy's assets, including all rights to TRULANCE(R) (plecanatide), dolcanatide and related intellectual property, is now expected to close on or about March 5, 2019.

Synergy on December 12, 2018, initiated voluntary proceedings under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York to facilitate a sale and address its debt obligations. Additional information about Synergy's Chapter 11 cases can be found at https://cases.primeclerk.com/Synergy.

Synergy is advised in this transaction by Skadden, Arps, Slate, Meagher & Flom LLP, Sheppard, Mullin, Richter & Hampton LLP, Centerview Partners, FTI Consulting, and Togut, Segal & Segal LLP.

[Blue Sun]

GREAT DD, IdeVos ,This should take off like a rocket soon..
P.S. assets were in the billions.Add 4 zeros
Institutional investors dumped shares just to jump back in Monday..

[iDeVos]

https://monreport.com/2019/03/01/synergy-pharmaceuticals-inc-sgyp-will-keep-adding-cash-to-your-wallet/

I'd never believe in those computer-generated reports...

[iDeVos]

That is ancient data. You need real time data. This world doesn’t stand still..

According to the latest 10-Q filing (click this link to view), as of 09/30/2018, they had
Total Assets: $83M
Total Liabilities: $179M
Net loss in Q3'18 was: $34M

Can you be more specific on the "real-time" data you're talking about? Are you saying that SGYP has burned a lot more than the typical $34M/quarter in the last Q4(2018) even they're no longer running any clinical trials?

My estimate is that the $195M received from BHC should be more than enough to cover all debts/liabilities, and the $83M in cash/assets should be more than enough for covering all operating/legal expenses in the last 4 months, and after 03/05/2019 SGYP should still have over $50M value in asset and zero debt while retaining their core GI platform (uroguanylin).

Please back up with real data rather than just making those baseless/unsubstantial claims.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1347613/000134761318000032/sgyp-20180930.htm

[Blue Sun]

Hahahaha.. good one buddy..I can't wait to turn lemons into lemonade..
Bausch Health may strike a deal with $SGYP ..Hostile TakeOver would help with Valeant reputation, They can have my shares for PPS $4.00 LMAO ,JMO

[kex0414]

Your data sorta looks like this scenario. It has no substance.

[Blue Sun]

If you're shorting this stock don't be shocked when you get the Margin Call ..Many institutional investors foresee a upswing in PPS..
https://monreport.com/2019/03/01/synergy-pharmaceuticals-inc-sgyp-will-keep-adding-cash-to-your-wallet/
Synergy Pharmaceuticals Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

[biotech_researcher]

That is ancient data. You need real time data. This world doesn’t stand still..