So what happened to BTCSYN?
I happen to be one of the early 'small' shareholders. The website is down, GLBSE is too. Was this whole thing a scam?
Well, a majority of the coins were stolen from Gox. Glasswalker got too busy to keep things running and the operation was closed and liquidated. People who went through the share claim process after GLBSE closed received a dividend of about 0.0115 BTC/share when the operation was liquidated, approximately in mid Feb, 2013.