Financial Snapshot
The Company’s net cashflow used in operations for the quarter was $274,000. The Company’s
operational expenses mainly comprised of administration and corporate costs ($279,000) and staff
costs ($76,000).
Listing Rule 4.7C.3
In item 6 of the attached Appendix 4C, payments to related parties of approximately $2,000
comprising of Non-Director Services – office rent of $2,000 was paid during the quarter.
The Company closed the quarter with a cash position of $294,000.
Outlook
The Company intends to utilize the funds raised from the sale of its divested assets to explore other
project and business acquisition opportunity, which may not be in the technology sector.
This announcement has been approved by the Board of Syntonic.
About Syntonic
Syntonic Ltd (SYT.ASX) in an Australian listed company currently exploring project and business
opportunities.
To learn more about Syntonic, visit www.syntoniclimited.com.
Good luck.
- Forums
- ASX - By Stock
- SYT
- Just bought 1,000,000 shares for a 1000 bucks
Just bought 1,000,000 shares for a 1000 bucks, page-2
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SYT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online