RE:RE:RE:RE:bottom Hi Techiy
My opinion remains the same on SYD.
I don't follow it closely.
I view it as a promising speculation and hold a small position.
I am mostly involved in the gold/silver sector, where I am an active trader.
I bought SYD based on write-ups by Bob Moriarty and Brent Cook.
I will not add to SYD until it shows more dynamic price action such as moving higher on increasing volume along with positive earnings reports.
Good luck!
goldguy
See recent news below.
From April 30 2014 quarterly report.
Since inception, Synodon has expended a net amount of $17.4 million. The funds were used primarily for
product research and development but also for initial marketing, advertising, promotion and public relations. The Company has not been profitable and expects to incur further
losses in the 2014 fiscal year.
The Company has been generating revenues during the last four fiscal years.
The Company has expensed all research and development costs to date; however, the Company has now
met the specific criteria under IFRS related to technical, market and financial feasibility to allow for the capitalization of costs related to the production of the second real
Sens TM instrument. There have been no
costs incurred related to the production of the second realSens
TM instrument subsequent to the date of
meeting all the capitalization feasibility tests.
Currently, the Company does not have any commitments for capital expenditures.