Shares in SynBiotic climbed sharply on Thursday, yet the advance says nothing about the status of the company’s insolvency proceedings. A check of the official insolvency portal turned up no court ruling on the matter through October 21, according to a media report — and the register gives no indication whether the application has even been filed.
The gain, put at 8.2% in one account and 15% in another, reflects nothing more than market movement. SynBiotic itself has warned that neither the outcome of any proceedings nor their economic impact on shareholders can be reliably estimated.
Filing Announced, Not Confirmed
On October 16, the company said it intended to apply to the district court in Münster (Amtsgericht…