You do understand that SYT as a listed company with 1.2b shares...

You do understand that SYT as a listed company with 1.2b shares on issue is valued at 75m MC.

For your 20-28c region, you are going to need to see a MC of ~750m, with an annual revenue figure of $80m, to maintain a PE ratio of x9 earnings - the minimum.

By the time all those performance shares are converted, you are going to need a heck of a lot more patience, and there will be a lot more dilution. I think 2.5b all up comes to mind.

Unfortunately, the only thing that will move this SP is revenue figures. Announcing partnerships seems to have little, and it has only been for short-term upbursts.