They bought Vivitar with stock only, valued at about $24-26 million at the time of the acquisition. EDIG certainly could issue them stock...lol.

I would think a settlement would be inorder as they are trying to find a suitor.

On October 29, 2006, Syntax-Brillian and Vivitar entered into the acquisition
agreement for a transaction. This transaction was completed on November 21, 2006
and was accounted for as a purchase under accounting principles generally
accepted in the United States. Pursuant to this acquisition agreement, a
wholly-owned subsidiary of Syntax-Brillian (MergerSub) was merged with and into
Vivitar and Syntax-Brillian issued approximately 4.6 million shares of its
common stock for all of Vivitar's outstanding shares of common stock.

The unaudited pro forma condensed combined financial statements reflect the
acquisition of Vivitar by Syntax-Brillian. Under the purchase method of
accounting, the 4.6 million shares of Syntax-Brillian common stock issued to
acquire Vivitar were valued using the average closing price for its common stock
of $3.01 per share for the fifteen trading days prior to the acquisition
transaction announcement date of October 30, 2006. The preliminary estimated
consideration is as follows (in thousands):

Syntax-Brillian shares (approximately 4.6 million shares at $5.70) $ 26,000
Difference in net assets of Vivitar at 9/30/06 compared to closing date (1,519 )
Estimated transaction costs 160

Total purchase price $ 24,641