Synodon Inc SYXXF

Industrials Pollution & Treatment Controls

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.

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Synodon Inc > Current share price

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Post by nostrilon Sep 09, 2015 11:28am

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Post# 24089033

Current share price

I believe that if SYD gets all the money it is asking for in the rights issue, its future will be very bright indeed. However, the share price has now fallen very close the rights offer price. What does this mean for the propsect of the rights issue being successful? Is PVE effectively underwriting the rights issue through the additional subscription rights? Is this all part of a plan for him to get control of the company? Or does the current share price signal that SYD won't get the money it needs?

Too many questions...

N.

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