SYT 0.00% 0.1¢ syntonic limited

SYT General, page-54

  1. 6,689 Posts.
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    I think the hype got traction from the start of listing when SYT said they didn't need to raise more than $2 million because of better than expected forecast revenue. Big call at the time that assumed that all the ducks would have to align. I think that it would be reasonable to assume that without the second CR of $5 million, the trial periods may have been shortened to get the revenue flowing in.

    I suspect that some of the lastest CR of $5 million will go over to the $2 million bucket for running costs.

    I also think that with the extra $5 million we are in a better position where we don't have to rush a product onto the market that doen't work exactly as boasted.

    So the land grab is full steam but once we have the land we're not being panicked into planting the crops.

    (I like that analogy)
 
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Currently unlisted public company.

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