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 19, 2015 12:52pm
104 Views
Post# 23539155

RE:RE:$3 million loan from Van Eden

RE:RE:$3 million loan from Van EdenAgree that this is good news.

I still think that there will be a dillutive equity issuance at some point: "The bridge loan has been put in place to ensure the continuing operations of the company and allow it to proceed with the construction of two additional realSens™ instruments until such time as more permanent capital can be put in place."

However, the $3m loan is a big postive for me because: 

1. It is a vote of confidence - you don't provide debt unless you are confident that the firm will reach self sustaining profitability.
2. PVE becoming executive chairman means that he is legally obligated to act in the interest of all shareholders, rather that simply look after his own investement (Synodon doing a private placement with him at a deep discount was a major concern for me).
3. With $3m the company now has more time to raise capital. This can allow it to find and announce new business. This shold raise the share price and ensure that any equity raise is less dillutive than it would be today.

Good luck everyone

N.

<< Previous
Bullboard Posts
Next >>