NYSE, AMX-ALTERNEXT EXCHANGE; TIER 3 OPTION; the Company states that it’s not interested in upgrading to NASDAQ. Their going for the AMX-Alternext Tier 3 exchange. In the 3rd Q 2015 filing they stated that they already meet a number of the Tier 3 qualifications and the overall requirements were in reach over the next 2 Q’s.
SECTION 15d of the 3rd Q 2015;
SYNJ GUIDANCE 11/23/15, REF, EXCHANGE UPGRADE; 3RD Q 2015 FINANCIAL;
15d; COMPANY GUIDANCE; NOVEMBER 23rd, 2015;
It is the BOD’s opinion that the requirements as outlined in Tier 3 of the AMEX ALTERNEXT EXCHANGE are attainable and in fact some elements of the criteria have already been satisfied. The Company is confident that our auditors will increase the valuation of our ARCHER intellectual property to at least $4 Million from the $1 Million currently stated. The BOD holds the position that such valuation more closely reflects the value of the 2 Million shares of $2.50 Class B securities issued for the acquisition, (one of a number original purposes for the $2.50 Class B issuance). Too, as outlined in previous Quarterly filings, the accountants indicated that an increased valuation was considered viable when and if the company achieved its first material sales of ARCHER which should be reflected in the 2015 4th Quarter and 1st Quarter 2016 Financials. Furthermore, the Company anticipates an automatic adjusted increase to the fundamental equity valuation as the upgrade in the exchange listing will satisfy a key condition of the financing arrangements with Northland Capital LLC. This event will trigger the $3 Million first phase financing package that will seed the planned ARCHER Hedge Fund. The Board also noted that the Company’s stock market footprint is expanding and the initial stages of developmental liquidity is quelling inherent concerns of larger investors that speculate in startups but, require market liquidity as a primary element of their investment strategy. ARCHER is attracting a number of new individuals and institutional speculators that have recently taken positions of a scale somewhat larger than historically usual.
Subsequently, the activity has provided a foundation for the growth of a broader and more liquid market. Syndication currently has an estimated shareholder NOBO register of over 5,000, many of which now hold positions that meet the shareholder requirements outlined in Tier 3, noting further, that the average daily trading volume of our very young and early stage developmental stock market is consistently rising.
The BOD concludes that recently implemented strategies are effectively altering the Company’s financial profile to meet the criteria outlined by the AMEX-ALTERNEXT Exchange. All prerequisites including a $4 Million valuation, increased liquidity, and growth in volume and shareholder ownership positions, are steadily being achieved. The stock buyback and rescission strategies are designed to gain the equity leverage and stock price levels required to meet the qualification standards of the exchange. These benchmark achievements matched with the anticipated addition of a revenue dimension should effectively alter the overall financial profile of the Company, justify an increase in the market valuation of ARCHER and Syndication as the Parent, and produce a subsequent positive affect on our stock price.
