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Synthesis Energy Systems, Inc. (SYMX) Message Board

  • mcmost1 mcmost1 Jul 17, 2013 6:22 PM Flag

    New CCO vs Cash Burn?

    If the company were about to run out of cash, why would they bring in (and provide a salary to) a CCO - chief commercial officer? (see today's announcement)
    My bet is the cash run time is far longer than what's been reported on this message board!!!! Upcoming annual meeting will be interesting - without revenue/cash inflow - mgt will have a lot of splaining to shareholders to help understand how we pay for a CCO today for bags of cash tomorrow!!!!

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The extra $200/$300K a year isn't going to affect their immediate future much. But what's important here is alluded to elsewhere. Once again they're bringing another guy in to get done what the last superstars who preceded them couldn't. Just more throwing money at the problem. Funny part is they're now seemingly recycling the guys.
      Maybe the way to get your money back is to apply for employment. Tell them you have contacts at GE or in China. You do own a GE appliance and go to Chinese restaurants, don't you? And without doubt you can outperform these other guys seeing their batting averages are about 0.
      And forget the $250 mil $10 a share stock price. They'll get maybe $25 mil and that'll come at 50 cents. Maybe $10 after the 1 for 20 reverse split.

      • 1 Reply to c4porsche
      • C4porsche, I actually agree with part of your assessment here. I didn't see it as a particularly bullish indicator when they announced that Bunnell is coming back to try and line up business. I saw it as an indicator that they haven't closed anything new to date and that they're looking for some more help to do that. The spin is of course that they're being overrun with industry requests. If this were true, they wouldn't need Bunnell. Someone to answer the phone would be sufficient. I can only hope at this point Bunnell is the right man for the job and he's able to drum up some work.

        Bunnell was the same guy that announced this past year he was selling a million shares of the stock. He's been selling at a pretty aggressive clip. Although, he hasn't been selling anything under $1. He has a very real and personal interest in getting this stock up a little higher. It will be interesting to see if he continues to unload when it gets back over a buck.

        Valudog, I've been wondering about Colin Tam as well. A long time has gone by without any news from that front.

        I'm looking forward to the next earnings report.

    • Donald Bunnell's salary will be $180,000 plus bonus for performance.....This is not exactly huge based on the fact that he was a co-founder of SES and still has some 3,700,000 shares of stock....What is huge is that he is back in The Game... and will help in doing something I thought Colin Tam would do yet has not.....Take the proven revenue streams from ZZ and Yima.... and Simon's and GE and Hainan Dongfang agreements..... and find us a Big Brother....If we had one company willing to put in $250M......we are looking at a share price of between $8 to $10.....Bases on ZJX/China Energy's $83M and the share price jumped to $4.50 in April 2011....

      We are Closer today with the addition of Donald Bunnell than we were yesterday.....and we are close

      Sentiment: Strong Buy

 
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