Bullboard - Stock Discussion Forum 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... see more

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Synodon Inc > In The End PVE

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Post by argaiv on Nov 22, 2016 5:46am

In The End PVE

Owns the technology, and we get nothing most likely. I am assuming he gets the assets, since he controls Cranberry.

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Comment by Goldbug62 on Nov 22, 2016 10:01am

Yep, the retail investors get screwed and get nothing in the case of liquidation. Only those with preferred stock like Van Eeden, institutional investors, will get their money back if a liquidation occurs.

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Comment by mineralguy on Nov 22, 2016 1:59pm

Before Synodon's assets get divvied up, Cranberry Capital gets all of the assets (equipment, software, patents, documents,...) from triggering the termination clause in the loan agreement. That leaves Synodon with absolutely nothing. There are no assets left to divvy up. Just liabilities: rent, unpaid bills, unpaid contracts, unpaid severance, and possibly a couple of survey ...more

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Synodon Inc