Synodon Inc SYXXF

Building more realSens instruments

[AimHigh8]

Synodon raising capital to build more instruments - this is significant as each instrument can survey ~60,000 km per year (read that somewhere).  I've been waiting for the company to start talking about additional instrument builds.  If they can realize $50/km, that's $3 million per year per instrument (they charge $70/km for leak detection surveys so this is conservative).  Synodon must be feeling pretty positive about their future - for good reason.  Industry recognition on the rise.  Sales accelerating.  It's all good.

Synodon Announces Brokered Private Placement

EDMONTON, ALBERTA--(Marketwired - May 20, 2014) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Synodon Inc. (the "Corporation") (TSX VENTURE:SYD), is pleased to announce that it has engaged Casimir Capital L.P. (the "Agent") in connection with a proposed private placement, on a best efforts basis, whereby the Corporation intends to issue up to 11,764,705 units at a price of $0.255 per unit (the "Units") for gross proceeds of $3,000,000.

The Units will be comprised of one Class A common share and one half of a Class A common share purchase warrant (the "Warrants"). Each whole Warrant will entitle the holder to purchase one additional Class A common share of the Corporation at a price of $0.375 per share for a period of one year from the date of issue.

Proceeds from this offering will be used by the Corporation for the construction of additional realSens™ instruments and for general working capital.

Completion of this placement is subject to the approval of the TSX Venture Exchange.

[techiy]

Does anyone have any idea how long it takes for them to build a new instrument? and they are saying "instruments" , so I guess it is more than one , right? Its a good news and hopefully really big is coming  hopefully at the end of this year.  As far as I know, you are right about their basic service $70/km. But their full service is $130/km. So I think $70/km is really very

[techiy]

Can anyone tell me, why after all the good news the share price is falling down? Do people do not have enough confidence, thus selling a lot? I am really confused now!!! 

[CHINVESTMENST]

Could be some high frequency trading tactics at work in order to make the bears sell. Also a lot of talk is going around that the markets are over valued right now so individuals are selling off and leaving the markets. The company has shown great success numerous times over the last year as they have basically quadrupled their revenues, hense hold it long and watch it sky rocket once it reaches

[Boomerthecount1]

The investers are waiting for the next Q2 and Q3 results which are due in the next couple of weeks. I am sure they are better then last year because no financial institution will finance without a good financial statement. I am positive that by the end of this month the stock will be higher than today. The real question is, when is the patent running out for this technology?

[CHINVESTMENST]

In response to your question of when the patent is running out for Synodon's Realsens technology, by the Canadian patent law they have 17 years upon creation of the device. Since tests of the device were happenning around March 31st 2009, it is likely that synodon obtained the patent at this time therego will have around 12 years of no competition in the industry which is plenty of time to

[easymoola2003]

Brace yourselves...heading lower. Insstitutions see $.25 plus a sweetner as fair value...without news, this drifts to or slightly below the unit price.

[techiy]

Hey Nothing to brace NOW...  anyyone can see this company's success (700K to 3M and building new instruments for more potential work), talk to u after year ending financial statement... I just check the SP every hour(that might be the problem as well) and trying to understand practical reasons that are affecting SP. 

[rgishere79]

hasn't anyone heard of share dilution. The market cap as it sits is only 23 million. Adding 3 million dollars worth of shares is a fair bit. Short term is should not surprise anyone if it goes down to their offered price.