ASX ANNOUNCEMENT 3 April 2019 Syntonic secures A$5.38m to fund global growth via a share placement and secured convertible notes
Gary Greenbaum, CEO and Managing Director of Syntonic, commented:
“We are delighted to now have sufficient working capital to capture the growing range of opportunities for licensing the Company’s highly regarded Revenue Generation Platform with leading mobile operators around the world, building on our recent success across Asia, Africa and South America.
“The mix of equity and convertible notes provides us with both the ability to broaden our shareholder register and the flexibility to access funds when needed during the year. Following this financing, we anticipate achieving cash flow break-even in Q3 FY2020.”
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If this is a consolidation to then cap raise, how can anyone trust a word this man says?
