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07/05/16
18:49
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Originally posted by cryptomal66
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didn't cvt have a cap of 135m? they made 65k we already know syntonic made $500,000 from last year alone - one payment from one customer. personally I think the 500,000 is either a monthly, weekly or yearly payment for a company to use syn software. I highly doubt the company would be spending more money on traveling and advertising than its making as someone suggested and commented that another company has done this. theres evidence that they havn't for example if they are spending more money than they are making they would have to go ahead with the capital raise because they would have spent the 7 million they made on travel rather than putting it aside for funding the raise themselves. personally I think they have made enough money or have entered into contracts payed on a monthly fee which means they have the 7 million and don't need the raise
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It will be interesting to see the financials. $500k A month would be $6m a year and the reason they are happy to raise just $1m for the CR as well as meeting the ASX requirements. I don't think we can compare CVT, they have less then 500m shares on offer 1/4 of what we do which has a huge influence on the SP.