Replies to post #112001 on Day Tradexchange Inc. (SYNJ)

[inforcash]

My favorite of the Q:

ITEM 1 July 2nd, 2010; $592,000 Escrow
"It is the position of the Board that these issues should find a resolution in due time however, until the final legal resolution it is the position of our accounting department to write off
the investment. At this time, it remains the general consensus of the BOD that the Company will either receive its money back with interest and legal fees or have a 5 million dollar loan at its disposal."

I like that the issue ISN'T that they believe that the loan deal is fake...the issue is interpretation of the loan! This is not a question of theft/fraud.

[RobC]

Maybe..

Or if I was TDA I might not bother with the small potatoes. I might just restrict my clients from buying more and wait it out.

How much longer can TDA blow it off? SYNJ is most likely dead anyway.

"Year to date, the Company has earned a revenue of $159,616 and incurred expenses and has sustained losses. Consequently, its operations are subject to all the risks inherent in the establishment of a new business enterprise. For the period from its inception as a development stage enterprise through March 31, 2010, the Company has accumulated losses of $6,993,161."

Cash rich? or leaking badly?