For anyone reading the Notice of Meeting (NOM) I'd advice you to read pages 11 to 16 very carefully as they provide a real insight into what the future will hold for Syntonic's.
http://www.asx.com.au/asxpdf/20160422/pdf/436pcvq5kf8krx.pdf
At 30th September there were 546.777 M shares in issue, with just 391 accounts holding over 100,000 shares. Soon afterwards there was a placing of an additional 110M shares which would no doubt increase the number of accounts with over 100,000 shares in them.
The NOM shows us (page 13 of the BDO section) that by 23rd March (covering the heaviest trading period) that in actual fact there are just 683 accounts with over 100,000 shares in them.
Yes 1.98 Billion shares changed hands from 8th to 23rd March yet the number of accounts with over 100,000 shares in them hardly increased (when you allow for the placing) from last year.
So in reality very few people have actually heard of Syntonic's and what it's going to do.
Syntonics profit & loss figures (Pages 18 of the BDO section) show us just how profitable things are going to be going forward. U$435,000 of sales incurred just U$42,174 of direct costs !!
If you project that out a little, just U$2M of sales would provide the company with a better than breakeven position. Truly amazing.
We could be staring at the opportunity of a lifetime.
LOTM
