@Snowboard
The company has never gone into the reason fully for changing the $7M fund raising & $2M option removal.
It pointed to what had happened late Jan / early Feb at 2 conferences it attended & signing the Tata deal.
My personal view is that the Tata deal gave them a solid cash-flow base to move forward from. At the same time other Telco's were much more responsive to Syntonic's after seeing the product at these conferences.
So instead of having to have a fairly large future budget set aside to market the product & gain the interest of the Telco's worldwide in the product. The company realised the hard part had actually been achieved via the conferences for much less than expected. Yes lots still to do, but there doors would be open, instead of having to go knocking time & time again.
So in summary an increase in visible revenue going forward & a reduction in expected costs going forward as well.
Which those overall figures of $715K in Q1 & $400K in Q2 in that document backup. Especially when you consider there are quite a few "extra's" in there for the re-listing process.
They have also done significant work on the product during this time preparing version 2.0 of Freeway with all its additional features & enhancements, without raking up to much in costs.
No point issuing more shares and diluting you're own personal holdings at a low share price when you know you're got more than enough cash to reach the breakeven point and then turn cash-flow positive followed by overall profitability.
LOTM
