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rossh91

35 Posts.

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03/10/19

19:20

Post #: 40714103
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Originally posted by Nighthawk10000: ↑

In the beginning Investors trusted SYT because they found a sense of security in their seemingly strong affiliations with large blue-chip companies. Moreover, the resumes of management and the board were (at face value) world class. The initial 2016 listing valuation of 60.5M was based just on their agreements with TATA and AT&T.

Since 2016 the list of companies SYT have had dealings with is truly astounding. However, over time the contracts have proven to be whimsical and the nature of their relationships grossly exaggerated.

In addition, management have proven to be much less than world class. Their performance in capital markets, market analysis, investor communications and contract negotiation has decimated the market cap (now 3.4M) which has left most shareholders holding a loss to the tune of 90%.

During this financial restructure I would hope that their advisers are getting them to take a good look in the mirror. They are not backed by Softbank and this is not silicon valley. They need to understand that their "its ok to not be profitable because Facebook" "unicorn" game-plan is not working.

IMO, the directors need to cut the crap and start running this company responsibly. Just because GG and RA are majority shareholders does not give them the right to run the company any way they please - they have a responsibility to ALL shareholders.

I truly hope that GG and RA resign from the positions of CEO and CTO. Three years is long enough to prove themselves. They could walk away with their shareholdings, maintain their directorships and let people that know what they are doing run the show.

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usually you're talking out of your a55 with mindless nonsense but I must say this is your most intelligent post to date! good job

SYT Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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