@brucey
The honest truth is we are just all trying to provide a educated/research/experience guesses as to when the share price will run again. The fundamentals look superb however the price action is currently in a consolidation phase, we have had a massive run up from .008 to .049. That is a massive move already. We know NO share goes up in a straight line. As for the cappers/big traders/pros I believe they are still in accumulation mode as they see the potential long term for Snytonic to be a global tech powerhouse, even though it's a speccy stock right now. Let's not forget that this is a tech startup is formed by some brilliant minds with many years of experience in this industry that have found a solution to a problem they see as the world goes mobile and in particular how consumers and business are now reliant on the internet to function as part of society in this global mobile movement. Syntonic in providing this clever win/win solution for all parties invovlved will revolutionise the mobile internet industry. This is a disruptive technology.
Let's also not forget that this little speccy stock Syntonic has products that is currently in market and generating REVENUE. We don't know exact figures yet, but my guess is that it was big enough from the deal they did with Tata communications that they decided to cancel the original cr of $7 million ( $10 million with options incl. as pointed out by @lotm) due to accelerated revenue received. This is unheard of for startups that normally need massive capital to try and operate & launch their business & gain market share. All they need to raise is the minimum to satisfy ASX listing requirements.
The investors behind Syntonic are captains of industry. They are allstars in the tech industry that are not short of a dollar but are visionaries. So are the board of Advisory in Syntonic. These guys are the movers and shakers with industry connections/experience that can make things happen. Sometimes it's not what you know, it's who you know.
Back to your question..how long is a piece of string? I dare guess that once we receive revenue figures and forecast figures from the prospectus on 15th April, the coiled spring in the share price will have to be released if not sooner if there is hint of revenue in the notice of meeting next week. There will be no way for the cappers/pros/big traders to dam up the flood of volume demand from shareholders/traders/investors.
Until then it's take a chill pill and let the market do what the market do. Patience and doing nothing is sometimes the hardest thing to do.
Please DYOR as I'm speaking from (IMHO) as a MT-LT trader/investor who hopes to one day be lying on some exotic beach receiving divies from Syntonic..
GLTAH
SYT Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
