Guys,please read between the lines.The 2 placements are for a bit of pocket money and short term running costs.If synergy were not confident about making a major announcement within the next few months they would be raising much more than the piddly amount they are asking for. The following statements made by synergy all point to the fact that "commercialisation is very close. "Dr. Neil Grice and Mr. Roger Jeffrey have been retained by the Company to oversee the next commercialization phase of the Technology."
"Part of the current United Kingdom presentation focus will be in the telecommunications switching area as the Company's technical advisers believe the technology may already have reached the point were it can be applied commercially."
"China - Company representatives have now had preliminary discussions with a Chinese manufacturer of visual display units and telecommunication components.Dr. Neil Grice has recently visited China to view manufacturing facilities and to present technical briefings on the Company's patented technologies"
"4Wave Inc of Virginia USA have been engaged to deposit alternate layer structures on target substrates. The materials being used are based on models prepared by IMT. The first of these new substrates are due to arrive next week for testing."
All of the above point to manufacturing being imminent and the very small capital raising helps support this theory.With this in mind,I will definately take up the offer of more shares.
SYN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
