Synergy Pharmaceuticals Inc fka SGYPQ

[hentied]

He was referring to me as a short. I am not, just another trapped long that thought his post lacked an analytical approach, but instead tried to validate his post by using his resume.

As to your post, hopefully your assessment is near correct. Not being privy to their use of funds, please consider

1)They may have used a portion of the $100 million dollar draw to repay the short-term loan that allowed them to reach their cash requirement.

2) Since they are ramping up rep and marketing costs their cash burn most likely is increasing proportionately.

So about the best we can say is that they have cash available to last between 3 and 5 quarters.

Wouldn't we all feel much better if the officers and directors purchased SUBSTANTIAL shares in the open market.