GREY:SYXXF - Post by User
Comment by
CHINVESTMENSTon Oct 01, 2014 10:41am
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Post# 22986387
RE:Accountants have "Going Concern" on company.
RE:Accountants have "Going Concern" on company.
I've done my own financial analysis and yes the financials arn't the best when your typical accountant looks over them. However I'm not invested into Syndon for the short term run. This is a long term play as I believe Revenues will be huge in Q4 as they have been outstanding throughout the year already. They're draining cash but there's always financing options to obtain more. Synodon investors know that we're not profitable right now but when you stack up the contracts, make significant revenue increases, build more realsens units (increased R&D significantly), and so on you will begin to make a profit eventually. It's these short term costs that confuse accountants with the real earnings potential of a corporations such as Synodon. We're barely in the negative earnings anyways. I've seen shi..t loads of penny stocks in similar sectors in the couple dollar range with -2.00 EPS.This is nothing and realistically the stock is only worth as much as investors make it worth.