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Synta Pharmaceuticals Corp. Message Board

lilgodfther 55 posts  |  Last Activity: Jul 30, 2015 9:09 AM Member since: Dec 24, 2000
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  • Talk of R/S , Talk ofLiquidation Preference: Upon liquidation, including deemed liquidations pursuant to a merger, consolidation or a sale of all or substantially all of our assets, the holders of Series A Preferred Stock will be entitled to be paid first out of any proceeds in an amount per share equal to the price at which shares of Series A Preferred Stock were sold in the Financing, plus all accrued but unpaid dividends on each share of Series A Preferred Stock, and prior to payment of any amounts on the Company’s common stock. Thereafter, the holders of Series A Preferred Stock will also share pro rata on an as converted to common stock basis in payments made to the holders the Company’s common stock. Accordingly, the holders of the Series A Preferred Stock will be entitled to receive the proceeds out of any sale or liquidation of the Company before any such proceeds are paid to holders of the Company’s common stock and then share in any proceeds paid to holders of the Company’s common stock. In general, if the proceeds received upon any sale or liquidation do not exceed the total liquidation proceeds payable to the holders of the Series A Preferred Stock, which, prior to any adjustment in accordance with the terms of the Series A Preferred Stock is equal to the aggregate cash proceeds to be received by the Company in the Financing, holders of the Company’s common stock would receive no value for their shares upon such a sale or liquidation.

  • Reply to

    stock will settle in the .70's

    by jesskavitz May 13, 2015 9:35 AM
    lilgodfther lilgodfther May 13, 2015 9:56 AM Flag

    This may be why its holding up

    Contemporaneously with the execution and delivery of the Purchase Agreement and the issuance of the Notes by the Company to the Purchasers, the Company and the Purchasers entered into a Security Agreement (the “Security Agreement”), dated May 12, 2015, pursuant to which the Company granted to the Purchasers a security interest in substantially all of the Company’s assets, other than the Company’s intellectual property, to secure the Company’s obligations under the Notes. Pursuant to the terms of the Security Agreement, the Company’s intellectual property will become subject to the security interest granted by the Company to the Purchasers upon repayment of all amounts owed under that certain Loan and Security Agreement by and among the Company, General Electric Capital Corporation (“GECC”) as Agent, the Lenders and the Guarantors dated as of February 10, 2012, as amended (“the “GECC Agreement”). Pursuant to a Subordination and Intercreditor Agreement by and among the Company, the Purchasers and GECC , dated May 12, 2015, entered into contemporaneously with the execution and delivery of the Purchase Agreement, the Company’s payment obligations under the Notes are
    subordinated to the Company’s payment obligations under the GECC Agreement and the security interest granted by the Company to the Purchasers to secure the Company’s obligations under the Notes is subordinated to the security interest granted by the Company to GECC to secure the Company’s obligations under the GECC Agreement. In connection with the entry into the Purchase Agreement, the Company and GECC amended the GECC Agreement (the “GECC Amendment”), dated May 12, 2015, to, among other things, permit the Company to enter into the Purchase Agreement and related agreements.

  • Reply to

    I like what they are doing

    by jesskavitz May 15, 2015 8:24 AM
    lilgodfther lilgodfther May 15, 2015 10:01 AM Flag

    No its not, King is (( LESS ))

    " MIKE LESS "

  • Reply to

    I like what they are doing

    by jesskavitz May 15, 2015 8:24 AM
    lilgodfther lilgodfther May 15, 2015 10:31 AM Flag

    less
    $BGMD SOME INFO: Disclosure: Long 220000 shares - average .89 - in since 2012 - Please note

  • Reply to

    Shareholders waiting since Dec. 30 for Abbott PR.

    by bigskywy May 21, 2015 1:34 PM
    lilgodfther lilgodfther May 22, 2015 5:35 AM Flag

    Yup, You're right Jess, This stock is like the City Of Hope, First it was when they were saying ( this will explode when we get 510K Clearence ) Didn't happen, Then it was when Abbott releases news about BGMD's connection to Abbott, Didn't happen, Then it was Buy Out News, Some were saying this would go as High as $70.00 a share, Didn't happen, Then it was when we get delisting news this would fly, Didn't happen, Then it was when we get funding, Didnt happen, Now again its back to when Abbott puts out news release again, WHAT NEXT ?????

    As for Rev's from this test, You wont see any Rev's from the Automated test till Mid 2016, If that.

    As for Reverse Split, IMHO its a sure thing, 1 FOR 5

  • Next holiday week without news, And IMHO they wouldn't put a pr out on a holiday week.

    This is going nowhere fast, Oh BTY Wheres the Gread King, LOL

  • lilgodfther by lilgodfther May 26, 2015 8:49 AM Flag

    Will not happen, What about next week, NOPE

    What about week AFTER, NOPE
    What about week AFTER, NOPE
    What about week AFTER, NOPE
    What about week AFTER, NOPE

    BG MEDICINE = The Perpetual Sea Of Hope

  • Reply to

    IMHO , BGM News This Week

    by lilgodfther May 26, 2015 8:49 AM
    lilgodfther lilgodfther May 26, 2015 10:05 AM Flag

    All I'll say is if this gets over $1.55 the last offering price, You'll have 2days to sell before the next offering, Just enough time to do the app for the filing

  • lilgodfther by lilgodfther May 26, 2015 5:18 PM Flag

    More b.s. filing

  • Come on king, We're worried about you, I think he sold, Couldn't take the pressure. Very sad

  • lilgodfther lilgodfther May 27, 2015 5:41 PM Flag

    Then I wish he would sell, That would make my day !!!

  • lilgodfther lilgodfther May 27, 2015 7:18 PM Flag

    Heinz, Its a very simple answer, Its in Abbott's hands now, They control the future of bg medicine.
    There's a few ways this could go, Abbott could buy BGM, I don't think this will happen, Mainly because Abbott wants to know the value of the test first, Once they do, They may choose to buy BGM.

    They do have an agreement with BGM, Nobody knows what's in it, It just may be a fee based agreement, Or it may be an upfront payment with fee based revenues, Nobody knows.

    The one thing we do know is , We need CASH, There are ways to get it, But most will bring dilution, which is not good for the shareholders here.

    I personally think this technology is the future of diagnostic tests for many diseases, And BGM is the leader here, The one thing that is BGM's most valuable asset is the BioImage Study, Many forget that.

    Here's your problem, This company is poorly run by what seems to be incompetent people, They don't give a rat's behind about shareholders, My worry here is the company is selling us down the river, I hope not for their sake, They would be in the courts for years.

  • lilgodfther lilgodfther Jun 8, 2015 1:47 PM Flag

    There's not going to be any buyers without something from the company or abbott, If you look at twits board you would think things are just going fine, I have no doubt about Abbott news coming but it's frustrating as he11 sitting here waiting. Remember when on twits they were talking about Abbott buying this for $70.00 , Unreal, The same bunch that's been pumping this for over a year are still there. Some over there still waiting for $10.00 and to be honest, I think they'll get it, After the RS

  • Reply to

    The Facts Remain

    by enriqesuave Jun 8, 2015 3:02 PM
    lilgodfther lilgodfther Jun 8, 2015 4:52 PM Flag

    Heinz, I think that had more to do with Europe waiting till it go cleared by the FDA. FDA is the gold standard around the world, Abbott really didn't try to hard to push the test till FDA Clearance, Now let's see what happens.

  • Reply to

    Reverse Split

    by iyenspitz Jun 10, 2015 12:17 AM
    lilgodfther lilgodfther Jun 10, 2015 4:10 PM Flag

    You're 100% correct, IMO I would rather see them go to OTCBB, If this is a solid company on nasdaq, It would also be a solid company on OTCBB, That's the facts.

  • Reply to

    If someone is paying for all these

    by jesskavitz Jun 11, 2015 10:02 AM
    lilgodfther lilgodfther Jun 11, 2015 1:44 PM Flag

    The Market Maker doesn't pay a fee, Get my drift

  • Reply to

    The R/S could become an issue

    by jesskavitz Jun 16, 2015 8:54 AM
    lilgodfther lilgodfther Jun 16, 2015 9:22 AM Flag

    As for the RS Jess, You know that I'm in favor of that. To me I have no problem with it, Will it fall ?? Yeah most likely it will, But If the company gives shareholders an uplifting update along with the RS news, I really don't think it will be bad and if the update is positive, It may even go up.

    As for them doing a stock offering when they do a RS , I don't think that will happen right away, But it will happen at some point if Abbott doesn't come up with some upfront cash, They will have enough cash till January 2016 so no rush there. We'll see within month Im sure.

  • lilgodfther lilgodfther Jun 17, 2015 6:59 PM Flag

    I've been a heart patient for 17 years, I have 3 heart doctors I go to,I have an Implantable Defibrillator, I have asked all 3 about Gal 3, not a one has ever heard of the test, 3 had heard of BNP , Thats it, All 3 also have never heard of BioImage Study or CardioScore nor BG Medicine, One asked if I would bring him some information about Gal 3 on my next visit, Unreal

  • He can not be a happy camper with what's going on.

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