Purdue axed entire sales force; Egalet to follow suit?..

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October 15 is D-Day!

COMMENTARY & ANALYSIS
Drug Maker Egalet Buys More Times With Bondholder Pact
Egalet Corp., which earlier this year issued a “going concern” warning, has reached a forbearance agreement with a group of bondholders and said it is in talks with other creditors about a possible debt restructuring
 


anonymous said:
October 15 is D-Day!

COMMENTARY & ANALYSIS
Drug Maker Egalet Buys More Times With Bondholder Pact
Egalet Corp., which earlier this year issued a “going concern” warning, has reached a forbearance agreement with a group of bondholders and said it is in talks with other creditors about a possible debt restructuring
Click to expand...

From March 22, 2018, Philadelphia Business Journal:

"In the SEC filing, Egalet states, “We continue to seek other sources of capital and alternatives to maintain our listing on the Nasdaq, but if we are unable to obtain sufficient financing to support and complete these activities, then we would, in all likelihood, experience severe liquidity problems and may have to curtail our operations. In addition, volatility in the capital markets may be a significant obstacle to raising the required funds. If we curtail our operations, we may be placed into bankruptcy or undergo liquidation, the result of which will adversely affect the value of our common shares.”

Egalet has been preparing for liquidation for a while now.. Enjoy your jobs while you can because you'd have to be blind, deaf, & dumb to not realize what is about to happen..
 






anonymous said:
Y'all been saying that for a year now. There's no proof.
Click to expand...

Egalet filled an "8K report" on October 3rd. An 8K report is fire to notify investors in United States public companies of specified events that may be important to shareholders, or the United States Securities & Exchange commission, and thet report is typically findfi before a company declares bankruptcy...
 


anonymous said:
Y'all been saying that for a year now. There's no proof.
Click to expand...

Let's try this again...

Egalet filled an "8K report" on October 3rd. An 8K report is filed to notify investors of United States public companies of specified events that may be important to shareholders, or the United States Securities & Exchange commission, and this report is typically filed before a company declares bankruptcy...
 


anonymous said:
Let's try this again...

Egalet filled an "8K report" on October 3rd. An 8K report is filed to notify investors of United States public companies of specified events that may be important to shareholders, or the United States Securities & Exchange commission, and this report is typically filed before a company declares bankruptcy...
Click to expand...
8k,is not specific to bankruptcy,there are multiple applications for 8k filing
 























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