Ann: Change of Director's Interest, page-9

The quarterly cash report posted this week shows that money on hand isnt an issue. They raised 100 million last capital raise of which <5% pulled out of.

SYR hit $3+ with the hope that it was going to be cash flow positive last Q unfortunately it wasnt quite. As soon as we get positive cashflow, sentiment will change. With $100 mill in the bank the current SP is valuing the company at 300million. Currently producers of raw material are valued at all different levels. But a good base to value them at is 8x EPA. As soon as SYR gets BAM up and running, it is im my view that they could and will get viewd as a chemical producer. (Producing spherical battery graphite anodes) chemical producers are valued much higher at 16x EPA. I think at the prices now. SYR screams a buy. Hence why i have increased my position substantially.

But each to their own however.