16 million new shares and almost 14 million in volume
These shares will be purchased within the next week or sooner. I wouldn't be selling now, hold on for a strong rebound, buy if you can. I will estimate we get to $7 and higher within the next few weeks. I just went through this with another stock and it's up 100% in 3 or 4 weeks after losing 30% on new share offering.
This is still a strong buy! GL
Here is another example. CLDX(Celldex Therapeutics) stock offering in Feb.. stock went from $7 to $12 in a month right after offering. This was actually pointed out by Redacre..who BTW has been following Synergy and made the correlation..Redacre has been pretty accurate with what they have predicted would happen with synergy. i suggest you look at their past comment or read their latest newsletter on SGYP..
Anyone who see's this offering as negative simply is Uneducated in investing in Pharma.. This is 100% positive.. this dilution is going to be short lived and double digits will be seen in the near term.
What we have as of late are a bunch swing traders blowing smoke.. The smart money is getting in now and the tutes will take it up to $10 then I wouldnt be surprised to get news of a buyout/partner by End of 3rd quarter .. If Synergy announces that this last PH 2/3 trial has been accepted by the FDA as a registration trial... not only will it make SGYP pop but it will surely attract a buyer or partner as this will mean their drug is even further derisked and much closer to FDA approval and this will be a great time for a sale of this company or a major pharma partner to take this all the way to market..