In spite of the deregistration, trading will continue, according to the OTC rules. Some dumped their shares yesterday because they do not know that trading continues.
Knight owns almost 20% in SNYR. The CEO owns about 50% in SNYR. There are many cases where the stock rises tremendously after deregistration. This is why there are still buyers at 5 cents. They know that they will sell them much higher in the next months.
Perhaps, the buyer is the CEO ....or his friends..... The CEO also implies that he is working on a deal. So he makes the deal, he grows the business and he registers the shares again. Those who sold at 5 cents or 6 cents yesterday and today, will lose big time. See the latest pr:
Adjusted EBITDA for the quarter was $0.8 million.
EBITDA and Adjusted EBITDA are considered non-GAAP financial measures. The Company’s definitions of EBITDA and adjusted EBITDA might not be comparable to similarly titled measures reported by other companies.
Subsequent events
Secured $2.5 million US from Knight Therapeutics for general working capital
Secured Costco Canada distribution for Focus Factor
Secured distribution of a new hand sanitizer product under its Hand MD brand for Canadian distribution
Paid off an additional $500,000 of loans
“In 2020 Synergy will continue to evaluate all opportunities for all of our brands as we move through the current year and continue to review any acquisition opportunities that makes sense to our growing geographical footprint.” said Jack Ross, CEO of Synergy.
https://www.otcmarkets.com/stock/SNYR/news/Synergy-CHC-Corp-Announces-First-Quarter-2020-Results?id=266263