SYT 0.00% 0.1¢ syntonic limited

Ann: Trading Halt, page-15

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  1. 6,565 Posts.
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    I would say it has to do with the buy out of the legacy system licence. They mentioned this in Business update in Feb 20 and also the COVID19 business impact in Mar 20. Anything else would be left field.


    "Syntonic is in negotiations with its strategic carrier customers and partners for a "buy-out" license of Syntonic’s legacy products − Freeway® sponsored data and data rewards, allowing the Company to eliminate all product development, operational, maintenance and support costs for these products
    • Thang Long Event Limited is the first company to agree to a buy-out license of Syntonic’s legacy products for its Vietnamese carrier customers, representing 63 million mobile subscribers"
 
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