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0.1¢ syntonic limited

1-30 consolidation CR at a discount they have 0 leverage

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banksy808

4,124 Posts.

362

20/10/19

14:44

Post #: 40974676
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Originally posted by Resq22: ↑

Here’s The way I see it....
The company will have 115,700,000 odd shares after consolidation and given the directors are getting them at 2.4c I would opine that any CR will be done at the same rate.
MC at 2.4c is about $2.7million
SYT burn through about that every quarter, so a CR of $2.7million would effectively double the amount of shares on issue, to give enough to last another quarter. ($2.5 mill after expenses)
Effectively your share consolidation is going to be 60:1 post CR on my above numbers and by then the Fox agreement might provide enough revenue to go forward without further dilution.

I took a 30k bath on these but sold out at 0.009. Good luck to all holders for the future.

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1-30 consolidation

CR at a discount

they have 0 leverage

SYT Price at posting: 0.2¢ Sentiment: Sell Disclosure: Not Held
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