Member Info for CrustyPete

It does sounds very familiar, eh violindog?! Typical BoD speak and we have our "advisers" convinced that we are better off "going it alone".... Maybe we would, but surely only when our market cap is somewhere close to "fair value" - right now we would be offering new "investors" shares at a 66% discount to fair value. How would that be in existing shareholders best interests?

To be honest magpie I think we have already had more than a hint of moving to "revenue generation" - it has been flagged for months (galactica): all we are awaiting now is confirmation of it and the scale and growth potential.....

Ha! Yes EE, that would be something, watching them scramble to close their shorts once news is announced!! Something of a "short squeeze" methinks. Yes, that would be very satisfying....

"Very positive" violindog? Yes, I suppose so but left it an awful lot of unanswered questions, only telling a fraction of the story, Sometimes things are better left alone.

Well it would be a "corporate development" of sorts?!

I understand that SP Angel have issued a new research note on (amongst others) SYN today. I no longer subscribe to Research Tree and so cannot access it but maybe others here will be able to. Might be worth seeing SYN's so-called "Advisers" views on recent events - though frankly I have even less confidence in SP Angel than I do the BoD...... call themselves Advisers?! When in the last two years has ANYTHING they have stated or predicted ever been born out in reality? Never. Ultimately they are only interested in lining their own pockets not those of the shareholders of the companies they advise.

Looks like those "Short" recommendations were correct! Maybe should listen to them in future...... 11.50p on the bid now, from 14.0p offer price only a week or so ago. Shouldn't be surprised I suppose, "no news" is rarely "good news" on AIM; not for the share price anyway.

Moreover SCLP has been identified by one or two of the Trading platforms as a "Short" in the last 48 hours so, despite SCLP not being a relevant "trading" stock, that might have exerted an influence over the direction of trades over that period.

Coincidence? Maybe or maybe not, as it isn't stuck at 13p any longer.... No longer a lot of selling but even less buying at present. let's hope we have that "corporate development" news sooner rather than later.

Steady accumulation so far this morning. Another tick up on the way? Let's hope so.

Well it's on a low gas then..... 30m traded at the end of the day, yes no sellers but neither much in the way of buyers either. Not yet anyway. It won't take a lot for this to start moving and we should be getting some news very soon so it could be interesting to watch over coming days. Here's hoping.

Gordon, you say "Talk about buyers remorse.".

Believe me, you are not the only one thinking that......

SSCCSS I doubt they would bail out on the JV if they can pick up the remaining 50% for a song and, with SYN in administration avoid their ongoing obligations under the current agreement; they would have very little to lose. But to pay $14m for that risk? Maybe not?

Exactly that spantrout, I was just about to say the same thing.

Oaktree and Selan must recognise that, as a result of the shareholder vote at the AGM, SYN will now have to find the equivalent of their entire Market Cap just to fund the AIM listing fees for the next 12 months - they probably assessed that SYN are now unlikely to be a viable going concern at the end of this financial year; so better to just sit it out, watch SYN implode and pick up the 50% for 5p in the £ from the administrator.

Oh and none of our other "assets" are worth the paper they are written on.

It's a pity he didn't do that three or so years ago....

Also remember that, as we were told at the recent AGM - apparently, it costs £70,000 per month just to fund our AIM listing; is that a dilution every month going forward.....?

SYN on life support I fear.

Take shares as salary? That'll another huge dilution then?! Lol!

Seriously though with a market cap of less than £1m it'll require a more than 10% dilution just to cover BoD salaries and where and at what price do you think they will be able to sell them?

Moreover, yet another consideration. The clock has been ticking for months now, so where oh where is Roland going to get the cash to continue with the CCS projects and to keep the lights on? Does anyone seriously think the market will support another fund raise?

This smacks to me of yet another subterfuge on the part of Selan. "Can't" get a guarantee, or "won't "get a guarantee? "Can't" satisfy the conditions precedent or "won't" satisfy them? And why would Oaktree worry about providing the guarantee if they knew the assets were of considerably greater value? Collectively they have SYN over a barrel as they always have. SYN will struggle to sell the remaining 50% for any meaningful value elsewhere and can only do so if the new owner of the share is approved by Selan and GOI...... who will be in cahoots with plenty of brown envelopes changing hands.

It now seems inevitable that SYN will end up having to cede the assets to Selan for a pittance.

Roland, what a shareholder hero he has proven to be......?