SYT 0.00% 0.1¢ syntonic limited

Ann: Reinstatement to Official Quotation, page-3

  1. 306 Posts.
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    It is not an insignificant amount of liabilities. The company was basically forced to sell up otherwise it would have faced bankruptcy.

    we will have nothing to do with first Orion after the sale completes. There is a 6-month Grace period to find a new business opportunity. If one is not found then the company will be delisted.

    the sale of the company is basically admitting defeat and continuing to trade would bring the Directors legal liabilities as the company was essentially insolvent.

    the only hope for any recovery of our investments is for a new business opportunity but as others have already said the nail is in the coffin and I wouldn't be too hopeful for any form of recovery.
 
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