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420man

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420man

Re: None

Monday, 02/10/2020 12:27:21 PM

Monday, February 10, 2020 12:27:21 PM

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No Recovery Seen for Valeritas Common Holders -- Market Talk

10:22 am ET February 10, 2020 (Dow Jones) Print
10:22 ET - Valeritas Holdings shares sink after the medical-technology company files for chapter 11 with a deal to be acquired by Denmark's Zealand Pharma for $23M, subject to a bankruptcy auction. In an SEC filing, Valeritas warns that trading in its securities during the chapter 11 process is highly speculative and poses substantial risks, and it says it doesn't expect the sale of its assets will leave any proceeds available for distribution to holders of its common stock.

The stock market is an predator / prey scenario where the Companies and their lenders are the predators and retail IS the prey. Play wisely!


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