SYT 16.7% 0.3¢ syntonic limited owners

  1. 1,991 Posts.
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    This "company" can only convert up to 152 million SYT shares of their loan at ultra low prices as we have witnessed. Then SYT must pay back the balance. SYT have also asked for and passed as a resolution the opportunity to redeem up to 1.5 million more convertible notes which have no maximum cap on the amount of shares that can be issued.

    SYT are burning through money at a rate higher than ever.

    If SYT default on these con notes Obsidan have first right over the assets.

    SYT owners have agreed to this and it is highly likely that SYT will not be able to meet their repayments.

    Why does Obsidan have no names, phone number or physical address attached to their business?
    Why is their no trading history of past transactions?

    The question is who owns Obsidan? As they may well end up owning SYT for a few million bucks.

    Don't current SYT holders have a right to know who they are? Transparency?

    Page 13 of prospectus has (k) Amortisation payments? Anyone shed some light on these?
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