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who is ambio pharm and why would synergy owe them almost 1 mill. bucks. the latest docket is showing that deal to be expunged.
if one goes back to docket 537 you can see what they are attempting here. let the IRs, FDA, SEC and the gov't. in general see that the hell has been going on here. the SEC should have stepped into this whole dam thing a long time ago.
a new docket filed today. an appeal from the lawyers for the equity group representing the stockholders.
in addition to the SEC also mentioned is IRS, FDA, Att: for Southern District of NY plus a few others. another thing I noticed counsel for the Debtors is the law firm of Skadden who has been mentioned in the Manafort debacle. CRG and the gang at SGYP might just be the naughty boys we suspect they are.
I see where the meeting at the court for March 20 has been cancelled by the lawyers for Synergy but the equity group lawyers have changed it to April 9. I wonder what that is all about. Maybe they are not happy that the SEC, and others will be present. both of those dockets are showing up today.
if that is correct and that judge was aware of that fact he should be excused from the bench. the only reason I can think of that being the case, then you would think it would have to be a vendetta against every stockholder with sgyp stock. lets face it, when the group of stockholders f'd them from getting some bucks, I would imagine they were quite pizzed off. just a thought.
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.
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?
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.
well what do you think opti. no kind of any announcement before the opening. could there be a buyer out there? I guess only time will tell. I thought with the drop before opening, a lot of the recent buyers got worried and dropped out.
Tom, if you have read 451, what is your opinion?
hello Opti. correct me if I am wrong but i looked at docket 431 and it appears to me as if there has been at least 8 and maybe as many as 13 bids as shown in that document.
there is a motion to extend this thing for 6 weeks. that will be determined in about a week or so. there is a lot going on here as a result of those w;ho represent sygp and those who claim to be officers of holding back information relative to this bankruptcy. get to read the motions and you will understand it all.
I have been doing a lot of reading and absorbing facts a figures re: who might be the best purchaser of sgyp in the upcoming auction. without a doubt the company that would do best in this whole transaction would be Takeda. when they acquired Shire I thought was a wise move on their part. putting a bid for sgyp would even be a no brainer on their part for advancing their position in the pharm.industry, especially with the know how and performance that has been shown with a drug like Trulance. their own competing product is just fading in the market place.this would be great effort to control and dominate sales in that field. just a thought on my part. I am a retired executive in the petro/chem. and pharm. industries who has been around some deals like this in my past.
that article is in the wall street journal plus more info if you subscribe
heightened security on bankruptcy advisers conflict disclosures by the US Trustee Program is sending a new and forceful message that current practices among some participants are likely to face challenges from the Justice Department and this already resulted in greater transparency in 2 chapter 11 cases.
on Thursday a judge overseeing the Synergy bankruptcy in New York will be able to decide whether to approve Centerview PartnerLLC as adviser to the company on its reorganization.
Cipher Pharm. announces Plecanatide (Trulance) accepted for review by Health Canada.
equity committee approved.
check docket 188 and 189. 2 pharm. are listed. Covance and a Chinese Co. Shandong Luovin.
would you believe Synergy has made a motion today to consider restructuring instead of a sale. only these A/H could come up with that strategy after putting SGYP into the position they are in. I wonder if that situation was created because of that outfit from Ca. making that offer to lend them 150M to continue the business.
Luna, just disregard A/H. they have been all over this stock since the day i first bought in the form of pain in the a-- shorts. they just never give up, even with all that is going on as you indicate.lets face it, this company will be up for auction in the near future and will go to the highest bidder. ask them why there 1s an official offer to loan the company, why someone like QOL wants 40m shares, if they have the answer, please inform us as to what he hell is going on. I read that of the 70 million shares traded y esterday there were only 78 transaction. that is unbelievable i my estimation. again, what the hell is going on?
I figured you for a short just by your last message. good riddance.
it is almost 8pm and 2.2m shares have been traded. what in Gods name is going on. is this COL buying? or something else.
I see where QOL just hired dr. Remkus out of Shire. are they getting ready for something. it sure looks like it. if they buy 40 mil more shares I see where they would then own over 20%. I just read this on conversations, I wonder if the person with this info knows what he is talking about. it does make for interesting reading. someone dod buy a hell of a lot of shares the last few minutes again.
my friend, with all that is going on right now i can only say that the horse just tripped and broke his leg so let the games begin.
you must be a comedian.
read what is below that sentence.
would you like to make a bet on that one and lose your smile.
Merry Christmas. I see where there might be some interest by a company by the name of Nautic (a large procurer of companies in the medical field). not sure if I spelled their name correcty. I am sure we will hear more about this tomorrow. I think someone on twitter mentioned the fact that they were interested in purchasing 40 mil. shares. I am sure there will be more to come on this situation.
if I remember correctly #80 mentions Highbridge Capital. i checked back and in 2015 they had over 6 million shares of SGYP. I wonder if they are pissed off. how many other shares are owned by hedge funds and whomever. I hope the judge is scrutinizing the hell out of this whole thing to see what the hell these guys are trying to accomplish. where the hell is the SEC in times like this.
we will see other bids shortly as stipulated by law.
to GAW1. I have been in contact with 3 major drug companies to make sure they are all aware of just what is going on here. there may or may not be any interest here, but one never knows. I am now retired but have some knowledge and interest with with whole thing. I once was sec./treas. of a company and a stock holder in this one. I must say this one was run by a group of losers.
i hear what you are saying opti, now tell me who the hell is buying all those 94 mil. shares. maybe it is Bausch and picking up the company for peanuts. a lot of shares have been sold of late some really low prices and this gives me the idea that something else is going on here. these numb nuts that have been behind this whole thing should be checked out by the SEC in my opinion.
I wonder if this whole thing might produce a trading war among a few pharm. companies knowing all about trulance and its current status plus other things they might consider. just a thought
take it for what it is worth. rummersmurmur.com says Roche meeting to partnering with sgyp to distribute trulance. I remember rummmers in the past re: Roche. I guess at this point anything is possible, just do not hold your breadth on this one.
just read n article by some guy who writes for seeking alpha with regards to Synergy and all its problems. what really gets me is how someone can write a lengthy article like that and not have all the recent facts about what is really going on like all of the new scripts starting now and in January, the fact that its biggest competitor is possibly with major problems with its product, our change in management etc. etc and this guy got paid for this article. when I see this kind of writing I am reminded just where this gentleman has any major interests in the market and if just possibly they be with our competitors.
thank motley news for your kind consideration re: Synergy and all it has gone through. first of all, get your facts straight and second most of your recommendations for me have been straight for the toilet. just what we need as we are emerging from this problem. your comments are just what companies with problems and their emerging from these situations really need. now do us a favor and get lost.
bio, do you understand what I am saying? these guys did not take care of their financial matters with due diligence, that's the reason we are in this situation. they had the opportunity for a b/o or partnership but decided to go it alone they missed the chance for a elite sales crew, loss of ads in publications, tv commercials (just like linzess) and missed the boat. that is poor financial planning by any means.
there is nothing wrong with the company, just those running it and their inexperience with finances. show me a company with 2 FDA approved drugs, with at least 2 or 3 pharm. scripts a drug who is starting to outsell its competitor who may soon have great problems with its drug. just think how many bio-techs who do not yet have an FDA approval with a price much higher then ours. of course their mgt. know how to handle their finances a hell of a lot better then the group at synergy. what more can I say.
I am astounded that this stock is so controlled by I must assume our short friends to be able to absolutely control its price no matter what kind of news there out there. just the fact that our closest competitors who spend millions on TV commercials, ads in many publications with a product much inferior to Trulance can maintain a stock price as shown amazes me. like they say, money talks and B/S walks. we will survive and when the world wakes up to what is actually going on and what will take place very shortly. my money is on SYGP. Big Al