SYT 0.00% 0.1¢ syntonic limited

Ann: Extension of Voluntary Suspension, page-12

  1. 5,038 Posts.
    lightbulb Created with Sketch. 454
    From what I've read in the last 2 announcements.

    The deal with the client is already done.

    However the issue is likely to be the same as the Aktay one around payment terms/milestones ………………

    Like the one that might start rearing its ugly head again in 103 days and be a noose around Gary & Rahul's necks until Syntonic actually receive the cash payment they are entitled to in any circumstances on 1st July 2020.

    If they don't then the ASX will have no choice but to throw the book at them and I'm pretty sure substantive shareholder lawsuits will follow on from that.

    LOTM
 
watchlist Created with Sketch. Add SYT (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.