Ann: Half-year Financial Report - 31 December 2016, page-4

CSE is an interesting "beast".

Apart from the 11 mil shares it holds in SYR, and the shares in STA, it doesn't do much, lol.

I've been wondering for a while now, whether or not they could make a move on SYR - particularly with the sudden departure/removal (was it really amicable?) of TK from SYR - TK holds some 14.6 mil shares, Harry Hatch held around 4.4 mil SYR shares and Mark Hanlon's Buprestid 1.9 mil SYR shares (all according to 2015 annual report) - all together that's around 32 mil SYR shares - near enough to 14%. Wouldn't take much more to gain another 5% odd to get a couple of seats on the board - could be a couple of disgruntled insto's watching their SYR investment going down/not happy with current management tossing their s/h into the mix, or a bit more buying during recent lows - even by shorting - by one or more of the holders?

Harry Hatch was a seed investor in SYR and previously held around 10.6 m SYR shares.

A bit of a wild theory all just IMHO, but you never know!