Synergy Pharmaceuticals Inc fka SGYPQ

[hentied]

With your background I am surprised that you do not understand. They borrowed money from another lender to get the cash balance up, so they could borrow even more money from the existing lender.

The net result is they are spending more and more borrowed money with no current way to pay it back.

The executives are gambling they will be able to turn the company around before the lenders take control of their only asset and leave stockholders with nothing.

It is not much of a gamble for the executive team since they have very, very little skin in the game.