"But further to this, you'll recall that when listing here they cancelled their initial $7M original offer and reduced it to the minimum ASX requirement of, what was it, a mere $2,2M. Capital raising wasn't even on their listing agenda. So much for them coming to Australia to raise funds."
Again, this just goes to show how naive you and your band of rosy coloured up rampers are!
Syntonic could see that there was interest in Australia (Hyped up, speculative, blind interest). So they dropped the IPO amount to the minimum, raised @ 2.2, waited for the SP to rise to the mid 3's and then hit the S708's for a 'discounted' cap raise while it was hot for the other 5 mill.
Textbook capital raising tactics.
You have much to learn young padawan... Like dont buy on the highs, lol.
SYT Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
