GREY:SYXXF - Post by User
Comment by
RedSoxon Mar 13, 2016 10:08am
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Post# 24652863
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Hi FirstGMan, as you know Synodon's technology was managed and funded by the Canadian Space Agency and designed, built and operated by the University of Toronto. Synodon got the rights to this technology and tweaked it for the application it is being used for today.
Although Synodon has been around for several years it was an R&D company all this time until recently when it started introducing its product to the public and generating sales. To answer your question, the general rule of thumb is that a new company starting from scratch should not expect to see profitability for the first five years of operation. It takes time to get your name and product out there. But for me it really is not a question of time or years, Synodon may take 10 years, it may not, no one knows if it does not go bankrupt before then. What we need to gauge is the growth they are making by adding new clients, extending contracts and increasing existing contracts.
The fact of the matter is that they are a start up company, they are trying to break into a very political market that is set in its ways and its way of doing things with a new technology that goes against the industry grain. My feeling is they will break through but it will be an arduous task. There are NO catalysts on the horizon that will make this share price jump and I am seeing that there are a lot of disgruntled people on here that are expecting just that. It's not going to happen. This is a long term investment that is going to take time and there is a BIG risk because money is a problem.
Personally for me, this is a company that has someone with a proven track record of successful investing and management and has a product that no one else has. The governmental regulations for oil and gas transporters is becoming stricter and stricter and oil and gas companies are being FORCED to do a better job of being proactive when it comes to oil and gas spills and Synodon has the technology that the industry needs and by regulations must have. I am not an employee of Synodon I am just someone who keeps staying focused on why I invested in this company in the first place and for me nothing has changed with my investment They NEVER had money and they still don't but I trust they will continue to get that part worked out. So for me personally, this company will always be a start up company until they get to the point of profitability or bankruptcy. Everyone invested in this company has to know that and has to come to terms with if it is a risk they can live with and tolerate. From the rants I am seeing on this board I would have to say it is not.