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Bullboard - Stock Discussion Forum Synodon Inc SYXXF

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... see more

GREY:SYXXF - Post Discussion

Synodon Inc > Management What are you doing??
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Post by CHINVESTMENST on Jun 16, 2015 1:41pm

Management What are you doing??

Why would you release shares valued at more than half of your equity at all time lows?? Why woud you dilute the cra..p out of the share price at 9cents? Your primary goal should be to maximize the share price and create a solid business, not treat your shareholders like shi..t and pull this stunt. Attract investors instead of making them sell off. Is that so hard to do with a almost profitable corporation?? You hire two people with the same last name that fires off red flags. Adrian Banica has been dropped from the CEO position and all you can say is that it's for personal reasons. Are you witholding insider information from us by not stating a reason as to why he dropped down? I'm sure everyone on the BOD knows this information. Where is the new CEO? 

Hopefully you redeem yourself in this year and please shareholders because right now the majority of us are pis..sed off. I hope that equity financing is going toward some sort of growth opportunity. Either you're witholding insider information on contracts from us or your business has become stagnant. 

This about sums up what I will be sending to a lucky individual in the BODs. Anyone have something to add?
Comment by nostril on Jun 16, 2015 2:41pm
I think the management are being really clever, and in some ways a lot fairer to shareholders than in other cases where private placements are used. It's a rights issue. So you can avoid getting diluted by exercising your rights. As long as you have the cash to invest (an amount approximately equal to half of your current investment), you can keep your share of the company. The management have ...more  
Comment by CHINVESTMENST on Jun 16, 2015 3:30pm
Ok let's say you exercise your rights and buy at the dicounted price which is basically the share price right now. What happens if the share price doesn't go up for a few more years? Is it really worth it? What happens if you own close to a million shares such as myself? So I double down to cover my as..s and there's still the chance that management sells the company for peanuts. How ...more  
Comment by nortzy27 on Jun 17, 2015 2:43pm
nostril is right ,,i just talked to paul van eden,he spends a great deal of his time in edmonton and told me he is very involved,this is a gift to existing shareholders,he did not say that ,but all shareholders can participate by basically buying your shares and that averages one down,it takes money to run this buisness and penetrate this market ,its a gamble worth taking seeing where we are ,if ...more  
Comment by nortzy27 on Jun 17, 2015 2:47pm
also for new buyers to get in now you basically can buy the subscription at a discount once you own shares ,,for new buyers its a no brainer ,,one would think that the news offering would or possibly make the share price rise,,,cheers
Comment by CHINVESTMENST on Jun 18, 2015 12:07pm
You guys can't be serious right now. You think share price dillution is a good thing? There is absolutely no one buying up right now. Who do you think will buy these shares? PVE probably will but if that puts him at over 50% ownership in the company we could be in for a world of hate. That gives him the ability to rule out every decision. They haven't even released the price that each ...more  
Comment by nortzy27 on Jun 18, 2015 12:12pm
read your private message
Comment by RedSox on Jun 27, 2015 8:39am
I think anyone here can understand your frustration after all we all invest to make money. I am with you in my frustrations but this is when we have to evaluate things and keep an open dialogue with the company. The two things that are for certain are these...  synodon has a one of a kind PROVEN technology that will be absolutely needed by any and all companies who transport their oil via ...more  
Comment by RedSox on Jun 22, 2015 4:27pm
Check your mail box.