SYT 0.00% 0.1¢ syntonic limited

Coming back to check on SYT after selling under 2 years...

  1. 330 Posts.
    lightbulb Created with Sketch. 57
    Coming back to check on SYT after selling under 2 years ago...and wow...I feel for holders

    Selling this at plus 50% loss was the best decision I made for my mental health. As soon this started derailing from fundamentals and pivoting to new business models really showed the incompetence of the guys leading it. I remember the time when we had 2 products - one about data packages in developing countries for apps and the other for business expenses or something. I look back in disappointment in myself for failing to recognise a basic industry trend that really shows the deficiency of the business model at that time - data and access to the web only gets cheaper and easier...for everyone and everywhere.

    Thanks to @Jimjamzzz for calling out the BS early on. Seriously mate, your critique of the "business" was always on point.

    Not here to give any financial advice to anyone. Good luck to those who continue to hold but this ain't looking pretty at all.

    Remember that your mental health should come first
    Last edited by ualeon: 18/10/19
 
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.