I felt like I needed to try some penny stock action with some money I can afford to lose. So far this play has tripled in value for me and looks like a keeper. I'm not a tout and you can trash me if you want. I have gotten some good tips off this board and it seemed like payback time. Do your own due diligence.
SYNM currently resting around $2 after a runup from 50 cents. They resemble a start-up play but they are already profitable. They have had 6 consecutive quarters with an average 125% earnings surprise.
Conservative management with $18MM cash on hand, no debt, and only 22 employees, most of whom are engineers. Their process converts natural gas or coal into synththetic liquid hydrocarbons which is used for clean burning diesel and jet fuel. The AF has approved the fuel for use in it's jets. They have a patent on the process and they license it out which makes them very profitable. They have further developed their process to convert animal fats and vegetable oil feedstocks into these high octane fuels. That is why they resemble a start-up in that they are building a huge factory in a joint venture with Tyson Foods to convert chicken fat to diesel/jet fuel.
Sounds funny, yes, but isn't this the kind of technology that our gov't should be helping promote? I believe it is and hope to enjoy the ride. I'm also not naive about stock dilutions etc. If the Senate gets to passing the energy act, which they will have to in some form, this stock could run. When the house passed their version the stock doubled in a day.
SYNM currently resting around $2 after a runup from 50 cents. They resemble a start-up play but they are already profitable. They have had 6 consecutive quarters with an average 125% earnings surprise.
Conservative management with $18MM cash on hand, no debt, and only 22 employees, most of whom are engineers. Their process converts natural gas or coal into synththetic liquid hydrocarbons which is used for clean burning diesel and jet fuel. The AF has approved the fuel for use in it's jets. They have a patent on the process and they license it out which makes them very profitable. They have further developed their process to convert animal fats and vegetable oil feedstocks into these high octane fuels. That is why they resemble a start-up in that they are building a huge factory in a joint venture with Tyson Foods to convert chicken fat to diesel/jet fuel.
Sounds funny, yes, but isn't this the kind of technology that our gov't should be helping promote? I believe it is and hope to enjoy the ride. I'm also not naive about stock dilutions etc. If the Senate gets to passing the energy act, which they will have to in some form, this stock could run. When the house passed their version the stock doubled in a day.