Synodon Inc SYXXF

Technology Scientific & Technical Instruments

Synodon Inc. (Synodon) is a Canada-based company focused on providing aerial integrity management solutions for oil and gas pipeline operators. The Company has developed a remote gas sensing instrument called realSens that is capable of detecting ground-level hydrocarbon gas occurrences from an aircraft flying at an altitude of approximately 300 meters (approximately 1,000 feet). The instrument contains a high definition photographic camera, a thermal camera, laser altimeter, global positioning system (GPS)/inertial navigation system (INS) system, on-board computer, control unit, power supply and an in-cockpit display system. It offers airborne pipeline integrity management services to operators of oil and gas pipelines, which include leak detection, pipeline threat assessment, Right-of-Way (R0W) change and slope analysis, tree canopy encroachment, water crossing analysis (including three-dimensional (3-D) water crossings analysis) and pipeline location classification services.

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Synodon Inc > Accountants have "Going Concern" on company.

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Comment by RedSoxon Oct 01, 2014 1:55pm

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Post# 22987545

RE:Accountants have "Going Concern" on company.

This is not news. Synodon is a new start up company in the process of acquiring business so of course they are going to have debt and of course that standard term "Going Concern" is going to be applied to them because they have not yet begun operating in the green. What is important to note is that they have had steady revenue increases since they began operating. The first 10 years they were an R&D company needing money to develop their technology so that is the debt being referred to in their financials this will not always be the case as now they are a real operating company acquiring new business and customers.

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