SiNtx Technologies Inc (SINT)

[Atlanta1]

the news out this morning is only an amendment to the 3rd qtr report:

"The sole purpose of this Amendment No. 1 is to correct the condensed consolidated statements of operations to include a non-cash deemed dividend related to the accretion of a discount on Series A convertible preferred stock of $3.8 million"

the change has nothing to do with operations. it is merely a non-cash flow accounting change regarding:

Deemed dividend related to beneficial conversion feature on Series A Preferred Stock

vs

Deemed dividend related to beneficial conversion feature and accretion of a discount on Series A Preferred Stock


It added $3.8 million to the loss for the quarter, but it does NOT reflect any change in sales, operations, or shareholder equity.