Synodon Inc SYXXF

Technology Scientific & Technical Instruments

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 > BestNosePicker

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Comment by redmantxon Nov 15, 2016 10:29pm

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Post# 25466577

RE:RE:RE:RE:RE:BestNosePicker

Regarding salaries, the company did raise nearly $7M last year and somehow they totally blew that money on building more instruments when clearly none were needed. So yes, I think we should be on management as it was their responsibility to manage the company appropriately and overcome any challenges. They had money in the bank and a good slate of customers but they certainly didn't manage it well at all in my opinion. So now we are likely facing a bankrupt company which will loose it's technology to Van Eeden, the one in charge to make us money.. Go figure!

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