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.

GREY:SYXXF - Post by User

Synodon Inc

<< Previous

Bullboard Posts

Next >>

Post by nostrilon Mar 02, 2015 5:12pm

126 Views

Post# 23481706

Capital = Equity = Share issue

The press release and MD&A talk about the need to raise additional capital, not cash. To me this means they will be placing shares, ie just issuing debt is not going to happen. My concern is that PVE will be the only provider of new capital and he will take a massive amount of upside away from shareholders that do not get to participate in any private placement. With the company expected to become profitable next year, this could be the last capital raise they do. It would be a real shame shareholders get significantly diluted at what may well be the low point for the stock.

<< Previous

Bullboard Posts

Next >>

Building on success: Silvercorp’s acquisition of Adventus