Synodon Inc SYXXF

Rights offering

[Canuck11]

Time to initiate some discussion over the weekend.  If PVE exercises his rights then he will own the company.  Outstanding shares will double if all shareholders exercise.  Bridge loan extended out 2 years, interest rate on loan halved.  Proceeds now used for debt and corporate requirements.  At a time when global economics are critical on some many fronts, PVE must see a light at the end of the tunnel that isn't an oncoming train.  His risk continues to climb for the foreseeable future.  For those of you in touch on a regular basis, is there more news in the pipeline once the rights offering closes?
Risk/reward remains high and I remain uncertain as to what timelines are still required to realize a ROI. Any thoughts from those who have been in contact with the company recently?

[nortzy27]

well im presuming the regular shareholders who blog here are a bit let down by the year syd just put in,,otherwise more chatter ,were all in the mystery boat waiting for a direction from syd,,on paper they will if the total shares are exercized  have close to 7 million in the bank,from my perspective i think they have to hire a very solid person with extensive history on leak detection and

[nostril]

I think PVE is a smart investor who would know when to cut his losses. Yet he plans to subcribe to the rights issue and "possibly exercise his additional subscription privilege". This is a lot of speculation, but I my view is: Syd was operating at capacity with one machine and so reached the point where signing any substantial additional contracts was/is difficult. The former CEO