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thanks for that summary, you seem a civilised person (unlike a...

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160 Posts.

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17/08/17

17:19

Post #: 26570802
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Originally posted by Awoonga ↑

SYT doesn't expect appreciable revenue from Overpass for several quarters as they grow the subscriber base.

Simply put, it means that as the subscriber base grows, so will the revenue but the subscriber numbers need to be at a level that would mean appreciable revenue. Overpass has only been going for a couple of months. How many Verizon subscribers even know about SYT, let alone Overpass? A couple of thousand? Maybe 10,000? Maybe a few thousand more?

Any new branch of the business will take it's own time to become known and generate appreciable revenue. Nothing surprising here. In fact, SYT are just stating the obvious and bringing those who expected hockey stick revenue growth at this early stage back to reality.

It's the right corporate thing to do. Others could take a leaf out of their book. This release gives me even more confidence in our management's integrity.

IMO, now, more than ever is the time to buy. I will, as I wasn't completely happy with just a couple of million. See you in the buying queue tomorrow.

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thanks for that summary, you seem a civilised person (unlike a few others!)
the thread seems to have some hot head characters ,they assume some ulterior motives in any asking any questions...

SYT Price at posting: 2.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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