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[Swick984]

SYBR - From what I read, PHS Group, one of the subsidiaries that is filing Chapter 7, owns 100% of Quality Food Brands (QFB) and is a sub of PHS Group. Given that QFB will continue to operate as a going concern, the assets at QFB will be safe from creditors. The QFB business operating as a going concern, though, will be available to creditors. I think the way the Ch 7 will work is that the company will sell all its assets, including QFB, to pay back creditors. At the end of last Q, total debt was $28.1 million. So as long as all the assets at PHS, including the ongoing QFB business, is worth more than $28.1 million, equity holders of SYBR should get some value.

Besides the QFB business, Synergy has a 20% stake in an online travel company, ITT, which could be worth a couple million, given their share of the equity income from the investment was $370k last year.

Will take some time to bear fruit and a bit risky but should be profitable in the long run...