Synodon Inc SYXXF

Dilution

[schnauser]

The company seems on track, but I am a bit annoyed at how frequently they raise new money using equity financing. The last few times they announced a PP they said that "this is the last time, from now on we will be self financing..." They give out warrants like candy.

I understand how startups work, but I have been following the company for some time and the inflection point to profitability always seems just around the corner...frustrating.

[techiy]

Same here! a bit frustrating... but I understand too that they are in the right track for the mid term , long term... But I went through their financial reports and management planning report. They are reaching the break even point at the end of this year by having 4 times revenue (3M).  The way their growing, Imagine 4 thimes growth next year as well, they need to have the operational

[Zomed]

It is what it is the company said it wouldn't turn a profit in 2014, that might not have included the new higher margin services it offers now. They do seem a bit behind there time line saying that they would have 3 instruments in 2014 and 7 in 2015. Those helicopter costs are killing us, it's a almost a third of there service price.