He wasn’t being misleading, it all comes down to how you determine market cap.
The latest 3b shows 1.6 billion shares on the asx and 1 billion in escrow.
https://www.asx.com.au/asxpdf/20171218/pdf/43q8m2tkk20m88.pdf
Pizza was using the asx quoted figure. That is 1.6 billion x 1.4, which gives a 22.4 million market cap.
FYI this is the same market cap given by:
The Financial times:
https://markets.ft.com/data/equities/tearsheet/summary?s=SYT:ASX
Invest smart:
https://www.investsmart.com.au/shares/asx-syt/syntonic-limited
Market index:
https://www.marketindex.com.au/asx/syt
However the asx website gives a market cap of 39 million, based upon 2.6 billion shares.
https://www.asx.com.au/asx/share-price-research/company/SYT
Personally I use the ASX number, but it’s really not that big a deal in the grand scheme of things. Can’t believe how easily this thread gets derailed at times.
GLTAH
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