Possibly SYT was just overvalued from just prior to reverse takeover. One long drawn out pump and dump.
I'm sure most Australian investors including sophisticated and brokers) don't really think too much about overseas carriers, their market worth, shifts in data consumption trends and the disruption to advertising and media.
SYT doesn't really have any capital assets. Everything is rented and leased. The majority of value is non tangible being the IP behind the platform. I think that's the difference between American and Australian listed companies, the American Dream so to speak certainly brings in the capital and ups the share price.
Maybe Australians are more pragmatic. As soon as they see increasing revenue quarter-on-quarter and that hockey stick growth then things will come to life.
Until then it's just a waiting game on other speculative tech company. The dotcom bubble resonate with anyone? Possibly does well with potential investors here! It could go either way really..
