Synodon Inc SYXXF

ANOTHER TRAIN DERAILMENT, PIPELINES ARE THE WAY TO GO.

[cobra571]

A freight train derailment in Saskatchewan on Tuesday sent plumes of black smoke into the sky as at least one oil tanker caught fire, according to multiple reports. PIPELINES ARE THE WAY TO GO AND SYNODON IS READY.

[Boomerthecount1]

 Doesn't matter how many train derailments are taking place , this company has to stop spending more money than what they make . This is the real problem with this company. Good fundamentals, wrong philosophy. I think it's time for a new board. By the next quarter, if the management doesn't change their habits, they will have a real problem on their hands. 

[RedSox]

I guess I am a little confused by your post.  How is a new company going to expand and grow in order to make money if they don't spend money?  Maybe you should speak with the company directly to find out what their quartely/annual objectives are and if they are meeting them and staying in line with their planned budgets.  I think their direction is clear and they are making

[nostril]

It's no good if they meet their targets every quarter if those targets lead them to run out of the money they need to sustain their business. Sure, every start up needs to spend money to make money. But also, companies need to realise when their product is good enough to make money and concentrate on sales. They are still spending money (money that they soon will not have) on R&D. I would

[CHINVESTMENST]

Hey Nostril, They're are many ways to finance a corporation when they're low on cash such like Synodon in this situation. I believe that Q4s will generate so much cash that Synodon won't need to resort to financing options. What you should be concerned about is what the BOD is being paid for operating at a loss. I know 2 members are being paid 200k each when we're not even

[RedSox]

It is my understanding that Synodon has been past the R&D stage and has a working instrument that they are aggressively marketing now. The first 10 years was devoted to R&D and I was under the impression that currently their money is being spent promoting their product (oil and gas leak detection ) through sales and marketing. I do know in speaking with the company that their RealSens

[CHINVESTMENST]

Thanks for the post RedSox. Good information but I wanted to know specifically if the R&D was the cost of making the 2 new Realsens devices or is it exactly what you explained? In that case I'm curious to know what they are Researching and developing. Your answer is great but specific details on that money being used would be great. I was always a firm believer that Oil and gas leak

[RedSox]

First off I stand corrected.  In speaking with Synodon I was told that Synodon was in the process of building two new instruments but in reading through their documents online I see that they are in the process of building only one more to make a total of two.  In looking over their financial statements for quarter three there were $172,239.00 spent on Research and Development

[RedSox]

...One other thing I forgot  to mention was that AVAC has first rights on all of Synodon's assets in the event of default.