Adroit Business Solutions, a company of which Mr Rahul Agarwal is a director and beneficial shareholder, has been engaged to provide product development and support services to the Company based on a monthly fee that may vary based on the service requirements. The arrangement has no fixed term, but Syntonic has the right to terminate on thirty (30) days' written notice. Adroit Business Solutions is currently paid a maximum monthly fee of US$49,500, which is to be reduced to US$25,000 effective 1 December 2019, as the Company phases out its legacy product development and transitions strategic customers to the Syntonic RGP.
Max fee of $594,000 US a year to Rahul company
Pretty crazy ...they were each paid $525,000 a year and the adroit could rip $594,000 US out
wow to the wages ..up to $1.898 million for one year
SYT Price at posting:
0.2¢ Sentiment: Sell Disclosure: Not Held