Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Synodon Inc SYXXF

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

Comment by nostrilon Mar 03, 2015 3:51am
98 Views
Post# 23483003

RE:Raising Capital

RE:Raising Capitalschnauser, I accept the fact that the word "capital" is used in a many different ways. However, when talking about the balance sheet strength of a firm I think the word typically refers to the net assets, ie equity.

Plus it is not just the word that SYD uses, but also the context. At the end of the financial year SYD had just $654k of equity. Take into account the losses that it has likely suffered in the first quarter and I think they are right now almost balance sheet insolvent. If it was just cash they needed, I think they would have said cash in their statement, not capital.

Anyway, I guess we will find out soon what they decide to raise. But my assumption is that it will be a private placement of shares with warrants attached. Hopefully even with this dillution there will still be enough upside to go round.

Finally, my preference is that they issue shares rather than debt. While I hope for (but do not expect) limited dillution from a share issue, I would much rather this than the company take the risk of issuing debt and potentially losing everything to the debtholders if the company ran into trouble in the future.

N.
<< Previous
Bullboard Posts
Next >>