"Syntonic CEO Gary Greenbaum said: “This capital raise coincides with the Company demonstrating record growth in active users, operator agreements, white-labelled platform deployments and operational revenue.”
That makes absolutely no sense whatsoever!
How the hell does a cap raise "coincide" with record growth?
So he is really saying is:... despite the company demonstrating record growth in active users, operator agreements, white-labelled platform deployments and operational revenue, we still need more operating capital!!!
Ann: Placement Completed - Operational Update & Appendix 3B, page-2
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