re: a 100 bagger Sydney - Wednesday - July 6: (RWE Australian...

re: a 100 bagger Sydney - Wednesday - July 6: (RWE Australian Business News) -
ST Synergy Ltd (ASX code: SYN) says it has continued to monitor and
evaluate the opportunity afforded by its decision to invest in
PanoramaFLAT Ltd.
The company today announced a further milestone in its
investment in Panorama.
It will issue 7 million ST Synergy shares to Pine Valley
Enterprises Pty Ltd, plus a payment of $300,000 cash.
In return, Pine Valley is to transfer to ST Synergy 6.845
million shares in Panorama.
Also, ST Synergy will have the right to acquire Pine Valley's
obligation (for no further consideration) to invest a further $2.5
million (worth 11.33 million shares).
Following the acquisition of Pine Valley's shares the ST Synergy
holding via Panorama will increase to 15.77 per cent.
Upon the proof of concept declaration and the exercise of the
right to acquire this investment, the ST Synergy shareholding in
Panorama will increase to 27.25 per cent.
Panorama Labs is the developer of a "breakthrough" photonic
switching technology with a wide range of applications in consumer
electronics and computers.
First products will be in the form of a "light engine" to be
incorporated in Digital Theatrical Projectors (digital cinema) and flat
panel monitors and televisions.
Shares in ST Synergy opened up 10c to $1.36 today.