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SYN - ST Synergy

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From 3.00 to 0.45 in less than a year - that's an impressive downtrend alright. If you have a declining share price prior to a trading/halt suspension then chances are it's not going to be good news :eek: However, the Panorama Labs technology is proven and has many possible applications. They have hired an army of industry experts and veterans. Surely there must also be a chance that these guys have actually been doing something useful and that they are close to some commercial deals. Sold out at a small loss a while back and was tempted to buy back in at 50 cents - only to see it hit 45 cents at the close followed by a trading halt. Wait and see, but if it is good news it won't need much volume to shoot up very quickly, as we've seen in the past with this one.
 
The trading halt/suspension is really dragging on know. The only clue in the most recent announcement was: "Unfortunately the two day trading halt has not given the Company sufficient time to conclude discussions with Panorama Labs Pty Ltd management on a significant administrative matter" That was 3 days ago. So it's unlikely that they're talking about unauthorised purchase of luxury toilet paper, but beyond that we don't know much :mad:
 
What is happening with this trading halt???

I don't hold this one - but have always kept a close eye on it.

It will be very disappointing if the company (through Panorama Labs) does not live up to its potential. :(
 
watsonc said:
What is happening with this trading halt???:(
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According to a quick check of the announcements SYN placed Panorama Labs into administration 31/07/07.:mad:
3 directors selling shares valued at $25,125 each "as part of finalising a long running legal dispute" hints as to some animosity on the board.
 
Finally some news last week. SYN will be purchasing all the assets of Panorama Labs (in liquidation). They were already holding 51% and hopefully didn't pay too much for the remainder. That should make for an interesting relisting!
 
SYN are back from the dead and it has been an exciting two weeks. First they nearly halved in price after relisting and this week it nearly doubled again to come back to around 45 cents. Potential is still there, but they will need some partnership/ commercial backing soon from a major player to survive the next 12 months.
 
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