SYT - General, page-650

• Q: Would you have raised this $5M if you hadn’t signed the contract with Verizon?
• A: If it wasn’t for the recent large, time urgent and really unexpected opportunities with Verizon with AT&T Video services, we would have sufficient cash to reach our revenue ramp up goals.
• Q: How long would the money last you for – are you fully funded for the next 2 years (YEP) – or do we need to expect more capital raising when you sign another big contract? (Nope) Will the capital raising be enough to get scalability? (Yep)
• A: The intention is this really does give us the scalability and reasonable cash flow to get to that revenue ramp up that we need. Based on the contracts we have now we believe we can drive scalability. That said, if there are other opportunities to drive the company faster, we will carefully evaluate as they arise.
• Q: What exactly do you need the money for? Sales/Tech staff?
  A: All of the above - Engineering, Sales, Marketing, really growing out 2 new teams, focussed here in the US with the 2 surfaces with Verizon and AT&T video.

• Q: Raised money twice in 5 months. Why are you raising money again so soon after the ASX listing? Have you overspent?
• A: No, no, far from overspent. In our recent Qtr, we noted a pretty lean operational expense of $860000 in last qtr and $2.7Mil left over. As we’ve been discussing throughout the pres, we raised these funds to capture very aggressively, 2 very time sensitive opportunities that only very recently emerged in the last couple of months or so here in the US. That OTT that we talked about will work in other markets like Australia for video streaming and will impact each users mobile plan and other carriers are looking for different high margin revenue streams.

My post...
https://hotcopper.com.au/threads/q-a-and-the-agm.3057908/page-198?post_id=20837501

SYT Q&A
https://hotcopper.com.au/threads/an...ebinar.3072962/?post_id=20925548#.WDzAoH1kERk

Chad