Synergy Pharmaceuticals Inc fka SGYPQ

[iandy]

They never announced a close on the offering. I might be paranoid or misguided but, I'm wondering if it's possible they couldn't raise all the cash.
I would actually love it if they were forced to sell the company. I think it would fetch at least $8 or $9.
If this is hedge fund manipulation, I've never seen anything like it.
Maybe Paulson is dumping.
I'm at a loss to explain how a company with a recently approved drug that very well might be best in class could drop like this within a month of the drug going on the market.