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Gerrado

7,065 Posts.

1384

07/05/19

10:08

Post #: 38441231
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Originally posted by Jimjamzzz: ↑

The initial 185kish per quarter listed in the prospectus was on the high side but considering at the time they were trying to actually build their platform.

That's enough for 50-60 guys or more likely 15-20 actual programmers and support staff + overheads and "management wages" for Rahal and his brother. I'd argue if your spending money propping up the entire buisness than you'd be better off using one of the more established outfits which would likely be cheaper for SYT but it is what it is I guess.

The jump to $337,000 PQ was concerning.

The jump to $745,000 PQ throws up major red flags considering their output (or lack of) over the last year.

People can blindly trust management I guess in the face of some seriously worrying signs just don't be that guy who starts the "We should be getting a class action lawsuit" thread when you realise they blew through the 15+ million capital, have no physical assets and are last in line after Obsidian try to recoup their losses.

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"for the cost of kilo of potatoes from the market all i got was handful of french fries in a little red cardboard cup with 2 golden arches on it"

that is a really astute observation mate.

SYT Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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