Was the issue of the ridiculous 80M options at 3 cents addressed - NO
Was the issue of why the placing didn't include large insto's addressed - NO
Clear they didn't want a rights issue because they don't have the money themselves to take-up there rights, although they could have got one or two major institutions to underwrite it.
Blaming timing etc for the poor issue price was a joke, as was this scaling back of the issue size to stop dilution. It was them that increased the issue from 150M share to 250M plus those 80M options. If they had been laser focused on that they would have got either A$1M more for the same number of shares or caused less dilution.
No sign of them moving to a reputable international broker instead of this Perth based bunch of thief's.
They were simply interested in getting the cash & don't really care who the shares went to. 6 months from now very few who were involved in the placing will still be holding there SYT shares, company destroying its long-term shareholder base by its failure to communicate properly.
Didn't address if they'll make the performance milestones in time.
Waffled about customer service regarding Freeway, 48 hour responses, really tell that to the users who haven't had a reply to there multiple emails for weeks nevermind 2 days. Probably just as well we don't get to see how there OverPass customer service is.
Could have given Investors numbers regarding the number of OverPass sales thus far, or the weekly/monthly high's thus far. Given the number of followers Syntonic has for its various accounts, I doubt there doing much business (oh wait wasn't that the route the company wants to market the product).
Notice the vagueness regarding time frames, none regarding the new UI or the new languages needed before deployment can begin in these new countries.
No mention of why Freeway offers had ground to a complete stop in SEA etc, or is that because it was just bleeding cash even with these game sponsors we have. Spent a lot of $ acquiring them in the first place & now they are being left high & dry, can't be good for ones reputation.
Ben showed no passion in his bit, just monotoned it and was totally unconvincing, just like all these stupid memes or whatever you call them. 62 OverPass followers in 3 months gee they'll be able to do a lot of networking to bring in new customers.
NFL clearly avoided, to again denie investors an idea of how the company might be earning cash.
Talked up Dataflex but very sketchy as to when there actually going to start monetising it (launch it) surely it should be making a positive cashflow contribution to the company pretty quickly. I mean all these businesses are knocking on the door wanting a solution, so give it to them and bring in the cash to use elsewhere in the expansion. They'll be No need to spend $$$ on marketing etc when there coming to us, so it should be a very cost effective way to landgrab & bring in good cashflow.
