Don't forget what it cost them to get the initial 51%. Add the $1.3M to that, I don't know what the exact price was but it was quite alot of millions in the double figures. Intellectual property, paperwork, patents etc. what ever else SYN deems fit to bring back from Panorama as useful tools to continue and develop the tech further. Seems like an offer was probably presented to panorama for a buy out and rejected, so this may have brought on the fire sale prices we see now.
The more interesting part was,
"" The Company is currently in negotiations with personnel and suppliers to further develop and
commercialise the magneto photonic and fibre device technology which has been acquired. ""
ie. key words,
"CURRENTLY IN NEGOTIATIONS" "SUPPLIERS" & "COMMERCIALISE"
Someone wants the tech - the deals I'd say are on the table with major technology based companies, should see some proof of that soon I'd say.
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