GREY:SYXXF - Post by User
Post by
schnauseron Mar 01, 2015 1:48pm
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Post# 23477479
Gateway
GatewayAdrian said that the deal was a year in the making, so obviously Gateway did their DD and have figured a way for Synodon's offering to be a meaningful value add to their retail and commercial customers. While I am not sure what that value add is, and a small retail energy distributor wasn't exactly the deal I was looking for, this is unequivocally good news.
We all know the tech is good. That hasn't been the issue for a while.
I believe it was made clear by B.Cook that he sold because Adrian did not answer a certain question to his satisfaction. The question being: how are you going to finance yourself between now (late 2014) and 2015 Q4, when new work will make the company cash flow positive?
It was a legit question, and one that I have been worrying about too. I am long and holding. But there is genuine dilution risk if PV Eeden, or somebody else can't get them some sort of debt financing.
Its gonna be a nail biter.
Thanks for posting Red Sox, your participation here is always appreciated.
And I agree, that if you are involved in this part of the market, SYD is one of the better risk/rewards out there. Bet your bottom dollar that B. Cook buys back in, if and when this issue is resolved. PDAC starts today, so I am guessing that last year's volume blast off won't happen again.