SiNtx Technologies Inc (SINT)

[boston745]

Here's my problem with your stance:

Why do this before FDA rejection? If FDA was going to deny wouldn't it make more sense to announce a layoff after that news? Then its seen as a good thing because they are reducing operational burn. By announcing before hand its created a negative narrative in some peoples minds; like yourself.

You may have forgot, but during the Q2 CC Sonny announced that he had a team evaluating how they could cut back on operational expenses.
His goal was clearly stated for a reduction in burn & increase in sales.

Their business model should be IP based in all honesty. They dont need to have sales or manufacturing in house. Due to their relationship with Kyocera they could layoff most of their manufacturing staff and just allow Kyocera to mass produce; keeping a small manufacturing staff for customizations and product development.
With signing on 20+ new distributors, they are free to release excess sales staff and leave it to distributors to sell. Yes they can sell now with all the product updates & scientific data.

As far as timing, to me announcing this after the new quarter begins is so that 468K in severances gets booked in Q4 and not Q3.

That's my take away from this.