IMO, Gary and Rahuls decision to put their hand in their pockets will be based on the same factors.
Entitlement price at 0.1c and a market cap of approx. $3,5m
Attached option
Fully underwritten
The obsidian death spiral removed
The biggest risk of buying on market at 0.1c was the concern that they couldn’t raise funds. That has been resolved.
The decision by the company to sign deals directly with the content providers is a significant development. It provides more certainty.
What has been lost during the suspension of trading is the significance of the Fox development. A Tier 1 content provider with a huge library of additional content.
The infrastructure is in place to service a market of approx. 300m plus (Brazil, Mexico, Vietnam, etc)
I am happy that the stock will resume trading on Monday. This is better than the alternative of administration.
My money is on additional tier 1 content providers being signed in the short term.
I will be taking up my entitlement.
GLTAH.
Key Reversal
SYT Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held