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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 > Financing closes
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Comment by Sir_Holleron Apr 07, 2015 8:06am
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Post# 23603160

RE:RE:RE:Financing closes

RE:RE:RE:Financing closes"until such time as Synodon can raise sufficient capital from issuing equity to pay down the Bridge Loan"

So, they will be issuing equity then...

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The loan isn't due for one year and the point of the loan looks like it is to prevent a fire sale of shares at current prices with warrants by allowing the company to move forward its business, including the construction of two new units.

With two new units and moving into the busy season for SYD the company will have that much more of a track record to secure funds at appropriate prices thereby limiting dilution. Given one unit alone can move the company to breakeven how much of a profit position could the company be in with not one,  two, but three units? The company anticipates paying the interest on the loan with cashflow. If it didn't have a way of paying any of the loan taking a loan at this time could do damage to the share price. It looks like the new business is at hand.

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