ASIC and the ASX should never have allowed this further extension of the voluntary suspension
The have returned the power on the issue to the company and denied it to shareholders.
Syntonic should have been made to publish the terms of the re-financing ahead of it holding its AGM so shareholders could either approve it or reject it on known terms
Now there will be an AGM, votes and then the terms of the financing will be revealed and existing share holders will have no say in the matter whatsoever, we will be diluted to hell and back with no recourse whatsoever.
As for the quarterly report I'll comment on that over the weekend
Now who's actually going to go to this meeting and hold the directors and there actions to account ?
LOTM
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ASIC and the ASX should never have allowed this further...
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