REGI is buying SYNM with 3.796M REGI shares(or 0.3809 REGI shares for every SYNM share).
After the deal is sealed on March 2014 (unless there is a higher bid), SYNM will own 3.796M REGI shares.
Based on today's market value, 3.796M REGI shares worth:
$3.796 * $11.50 = $43.6M ($4.38 per share for SYNM)
So after the deal, each SYNM share should worth $4.38 based on today's stock price of REGI.
After the deal, if REGI's stock price reaches $20, each SYNM share should worth:
$20 * 0.3809 = $7.61
Buying SYNM now at $3.15 means you are buying REGI(current price is $11.50) at:
$8.26(near 30% discount of today's REGI's stock price)
REGI is bullish in the long-term, I would not be surprised to see REGI go to $20 - $30 in a few years.
Large Institutions has controlled all the REGI floating shares plus 4M shorted shares.
It's like Netflix, sky is the limitation for REGI.
At $3.15, SYNM is a steal!!!
Whoever selling it now is a fool.