Another thing to note would be, that if the markets sentiment toward syt becomes positive and the fundamentals and chart align and begin moving us back into the 3c range with all the commercial launches happening this quarter and the next
(Along with a new tier 1 multinational we have all been anticipating
Along with opari officially launching and gaining traction
Along with Dataflex in the US
Along with more progress and partners for International Traveller)
Then we would most likely have CPS exercise their options they received and that would give us the possibility of 4 million dollars to add to our bottom line
I was of the mind that is what those options were for, as to not have to raise any funds again and get us to next year and hopefully cash flow neutral and beginning to grow a lot faster to profitability based on everything commercial in the mix and more to come
I hailed it to my friends invested as an excellent move as we all know there are some that just can’t handle capital raises
, even if it is for good reasons to advance the company
Keep in mind SYT has only had to raise 2 lots of 5 million after listing which is far less than some other peers, especially when trying to expand globally within a massive ecosystem
They have an incredibly low cash burn for what they have created, and kept continually developing, bringing about the uptake of their technology with major conglomerates globally
