SYNM has 14M on most recent report.
Where did this 3.2M came from?
The management has estimated all the potential costs and gave REGI promise to keep at least $3.2M cash.
They must have done it in a conservative way for cash flow to make sure the deal go through smooth.
Once I decided to sell a stock, I never look back unless there is fundamental change that I want to buy it back.
So why are you here if you don't want to buy SYNM back?
Are you talking to yourself? Did you lose a lot of money on SYNM before?
I have no hate but love to you in my heart.
It's not too late to join, SYNM haters.
Stop being an angry bird and start being a winner.
Sentiment: Strong Buy
Why would you do that? You are not going to earn anything from it.
Why not buy the stock now and hold it for 100% return?
I guess they tried their best to restart the plant but then at the end they realized they didn't have enough cash and financing to continue.
It was wise to stop before they ran out of cash or they might had to sell at even much lower price if they ran out of cash and facing BK.
You are right, out of 103 possible transaction partners, only three showed interests to buy SYNM and REGI offered the highest bid. The is a crystal clear buyout deal.
The management of SYNM had tried everything to get the shareholders maximum return.