By the end of this week/first quarter there will only be 12 employees remaining on the workforce. I say they're the ones joining the acquirer...thoughts?
Item 2.05 Costs Associated with Exit or Disposal Activities.
On March 21, 2013, in an effort to continue to cut ongoing operating expenses, Enzon Pharmaceuticals, Inc. (the “Company”) committed to a plan to reduce its workforce from 19 employees to 12 employees. The Company estimates that it will incur approximately $1.3 million in charges related to the reduction in force, all of which would result in cash expenditures for one-time employee termination benefits and associated costs. The Company expects to record the charges and complete the reduction in force by the end of the first quarter of 2013.