Consolidation to be completed first, then maybe access line of credit with Osidian 'credit for equity" to keep the doors open. In addition, it sounds like there may be additional potential investors already lined for a funding injection - remember Revenue is still being earned. It looks like engagement with Abril group will continue and deepen with expansion into Mexico. This is a good thing and I suspect that the strategic business focus will include this group.
"The Company is currently in the process of reviewing its
strategic business focus in parallel with its financial recapitalisation and expects to be able to provide an update on its progress and transition shortly"
Syntonic’s RGP is well positioned to distribute content through its integration with all four of the major Brazilian mobile carriers: Vivo, Oi, Claro, and TIM. This coverage represents an addressable reach of 235.7 million mobile subscribers. Starting with the delivery of Fox Gol content, Syntonic’s RGP has been extended into Mexico, currently on the Telcel network, the leading provider of wireless communications services in Mexico with a 64% market share1. The Company will be expanding its content offerings across other carrier networks in FY20.
