Syntonic appreciates your support in the Company as a shareholder.
As disclosed in the Company’s last quarterly review, dated 30 April 2020, the Company’s financial health has been adversely impacted due to the decline in mobile consumer spending for many of the Company’s core content offerings, e.g. FOX Sports Gol. To offset our expected short-term negative operating cash flows, the Company has been pursuing several aggressive measures including engagement with various 3rd parties in respect to a potential divestment of certain key assets and business operations.
Longer-term, with various soccer leagues starting to reopen, e.g. La Liga, Bundesliga, Premier League, we are hopeful that the Company can resume it’s past trajectory of business performance.
As obligated by the ASX, Syntonic has will continue to keep our shareholders, including yourself, updated in respect to all material actions and changes to the Company by way of further ASX disclosures.
Regards,
Syntonic Investor Relations
Ann: Fox Sports selects Syntonic's platform to sell Fox Gol, page-133
-
- There are more pages in this discussion • 35 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)