Post by
In4abuckor2 on Aug 29, 2007 11:20am
Funny..
I bought SYNI (SYNGAS) a while back at $0.38 cents and it immediately began to drop and settled out at $0.18
I bought it after watching it for some time. I was actually in and out of it a few times and did alright. My last BUY I decided to hang onto based on a review completed that suggested a Target price of $2.75 for SYNI within 12 months. That was back in November, 2006.
I still have the review. I liked where SYNI was going and what they were doing. I have to admit that I have not watched in closely since then, I just held onto my investment.
In May 2007 it appears they compressed the shares 20 to 1 and structured a new division or something called ENERGYQUEST within the corp of SYNGAS. Right after that it climbed to above $7.00 a share.
Funny, but I can't find a new release anywhere stating that is what happened. Maybe I am just not looking hard enough.
Anyways.... I had made my investment and was just hanging onto it long term and now it appear the bottom is falling out.
Can anyone provide a brief constructive review of what is happening, why we are headed to the $1.00 mark. I don't see any negative news. It all appears positive. I assume it is lack or present revenue while they are spending money and building.
I am still expecting good this from this.
Your comments are appreciated.
In4abuckor2
Comment by
notforprofit on Aug 31, 2007 6:37pm
I would suggest giving Ron Foster in Edmonton a call at 780-417-3484 for an update. I believe his e-mail is rsbi@aol.com. They are currently building a unit for Brazil at the I-Coda facility in Edmonton.
I too am expecting some good out of this ... it is just taking a long time and the lack of news relating to butanol production from coal in the USA is not supporting the stock price.