Synthesis Energy Systems Inc. (SYNE)

[StumpsOfMystery]

Well, right you are! I thought it was owned by a bunch of individuals. But I guess that was before AVRA got involved
https://www.lexology.com/library/detail.aspx?g=48c7ae15-6526-4c54-966b-e596252f794d

That kind of changes things. Not sure AVRA would want to trade their share for SES stock. Are you SURE the only alternatives are the binary ones you suggested? It's not possible for AVRA to peel off some, but not all of their shares? It seems to me SES is desperate at this point and would take ANYTHING that would potentially make their balance sheet look better. They are practically BEGGING the SEC to postpone delisting until the 'merger' can be completed. On the other hand, they do mention that they need to get the audit done BEFORE the merger can be completed. And it would seem that the financials might be so bad as to cause a drop in their share price to a level where AVRA would be less interested.