SYT 0.00% 0.1¢ syntonic limited

Ann: Annual Report, page-28

  1. 2,026 Posts.
    lightbulb Created with Sketch. 174
    Yeah my bad. They refer to the bonus's and Rahul's funnelled payments as $US in the report (as they do almost everything else) but your right when they table it up it appears to be in AUD. Might make it easier if they stuck to one or the other for their reporting ...

    Retracted, should have been:

    Share price for the financial year

    Start of the year: 0.035
    End of the year: 0.012

    A 65% loss of equity for shareholders

    Bottom line performance for the financial year

    $5,386,841 net loss for the year

    GG & Rahul's total pay for the year

    Base pay: $681,634 + Cash Bonus: $386,000 = $1,067,634
    Share Bonus from milestone: 333,333,332 (worth over 5 million @ current share price)
    Rahul's side buisness received USD $975,100 (enough for around 125+ full time Indian programmers at the current median market rate, make of that what you will)

    It's been a great year ...

    ... just not for shareholders.
 
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