e earnings report means....

[anonymous]

1. No guidance provided but some serious negative looking news in $PTX earnings such as "Discontinued the development of a new formulation of Treximet due to a delay in development timeline which significantly reduced our expected return on investment...Treximet net sales decreased by $7.7 million, or 30%, during the three months ended June 30, 2016 compared to the three months ended June 30, 2015. Silenor net sales decreased by $1.8 million, or 30%, during the three months ended June 30, 2016 compared to the three months ended J
2. 
   
   and a number of its creditors that its debt obligations will need to be amended or exchanged for new debt and/or equity securities, and some debt holders may have little or no recovery on their investment. We continue to explore and consider alternatives, which may include a possible reorganization under US bankruptcy laws or another jurisdiction, so that we can ride out this very difficult cycle with feasible prospects for strong, long-term success."

 

[anonymous]

1. No guidance provided but some serious negative looking news in $PTX earnings such as "Discontinued the development of a new formulation of Treximet due to a delay in development timeline which significantly reduced our expected return on investment...Treximet net sales decreased by $7.7 million, or 30%, during the three months ended June 30, 2016 compared to the three months ended June 30, 2015. Silenor net sales decreased by $1.8 million, or 30%, during the three months ended June 30, 2016 compared to the three months ended J
2. 
   
   and a number of its creditors that its debt obligations will need to be amended or exchanged for new debt and/or equity securities, and some debt holders may have little or no recovery on their investment. We continue to explore and consider alternatives, which may include a possible reorganization under US bankruptcy laws or another jurisdiction, so that we can ride out this very difficult cycle with feasible prospects for strong, long-term success."

Quick overview of portfolio equals declining sales in 2 products along with a so called growth product in a rapidly compressing pain mkt. We are a sinkin ship with our debt and overall prospectus.
Not sure any investor would take this "titanic" on! Bankruptcy is imminent

 

[anonymous]

Other options before bankruptcy to be honest. But agreed they tried to spin the earnings to be good when serious financial issues exist that must be overcome asap as cash is being burned and do not have much of it left. However.....

Stock is dropping big AH & PM after earnings yesterday failed to announce new guidance and mentioned $12million of $100 Million new share offering was used in Q2. So Sedor can always tap into the 88million new share offering for needed cash. Failure to announce new guidance shows they are uncomfortable making sales forecasts for the rest of 2016. But sales reps have been trying to tell everyone on this board the issues out in the field. Seems mgmt. may finally be listening to reps about their concerns in the market place.

 

[anonymous]

from 10Q:

"We can make no assurances that any refinancing or restructuring that we pursue will be successful, or what the terms thereof would be or what, if anything, our existing debt and equity holders would receive in any resulting transaction, which will depend on our enterprise value, although we believe that any refinancing or restructuring would be highly dilutive to our existing equity holders and certain debt holders. In addition, we can make no assurances with respect to what the value of our debt and equity will be following the consummation of any refinancing or restructuring. The issuance and sale of substantial amounts of common stock or the announcement that such issuances and sales may occur, could adversely affect the market price of our common stock."