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his post fill's me with excitement ...............i don't think
I had a look earlier and I'm only around 30% down now so it's far from a lost cause, not enough confidence for me to add though as I feel the opportunity is getting smaller by the day and they don't seem to have the board with the skillset to run what's essentially now a manufacturing operation.
I'll be in that one to the end now come what may but only had a small holding anyway.
Wolf, I only have a small holding in SENX on Elon's recommendation, SENX is only a punt for me. That is going to be a long hold for me. I know you think you got spiked in RMS but that share moves like crazy, it could be at 5p tomorrow with a little news, I don't think i've come across a share that moves like it in either direction. IMHO
Tex, that board has really calmed down now, not like before.
With regards to the FCA I'm pretty sure they still haven't given confirmation of exactly what they are investigating in relation to Neil Woodford which has been going on for 2+ years.
Poor - I improved some of my positions on Friday and opted for SENX instead of RMS which has since tanked .....
Parm, fully agree. I invested also in AMGO, which is being beaten to pulp by FCA and FOS. Things are dragging since last September. Whilst AMGO is trading on London market as usual, it is not trading at all in a real life (no selling, just existing customers) until issues are resolved. And they have CEO that is really skilled in dealing with FCA.
Here we have an opposite situation, so it is quite interesting to watch and see what will come out of both.
Hey Poor, still holding some RMS, just a punt. Don’t really have time to read more than a couple of BB at the moment so haven’t contributed for a while. I will just hold them for a long time. Plenty of future plays there.
Currently, this BB and share fascinates me. I honestly have no idea which way this will go, but prepared for a long wait before relisting. Maybe I will be pleasantly surprised, it’s a coin toss in my view.
Parm, completely agree.
Poor,
The FCA have all but said certain cases can be more complex and there can be issues to resolve!
Frustratingly no one can say what those issues are, what Syme has to do to resolve them if they haven't provided the info already.
And how long the process takes once the FCA have everything they need/asked for, the workload involved for them and the restoration timeline!
Shame we haven't got an FCA expert on any of these bb's ;)
FCA, would of relisted by now, if they were not after more information. Maybe it's part of their procedure, once they delist you, they make you jump through extra hoops to relist. I would love an expert on this matter to clear that up.
I’m sure the due diligence of potential funders is not based upon the share price or trading position. It’s very difficult for us to know what is happening or not and whether the business is progressing as planned while we are suspended. But taking emotion out of it restoration is not always a swift process (as an FCA email someone posted stated) and we know this is a complex business and history. The SYME reply that said they are evaluating whether to update suggests to me they are waiting for the restoration first if possible but will have to eventually update if this is not imminent. The fact they are considering this aspect to me I hope means they think the restoration could indeed be imminent.
"If he is thinking of updating again then clearly relisting is not imminent, so best set expectations accordingly"
I dont think you can assume that Tex.
It's out of his hands and in the hands of the FCA
I doubt he knows a timeline but is getting many emails asking the question so has to say something.
Time will tell.
Hey Tex, you haven't visited the RMS board for a long time, RMS is getting ready to explode again, let's hope it gets to 9p this time.
Tex - I agree about the suspension in trading having a potential impact on funders and customers and as a shareholder this bothers me more every day.
If he is thinking of updating again then clearly relisting is not imminent, so best set expectations accordingly.
Any update will just be a rehash of the last RNS. Helping FCA, in regular contact, out of our control bla bla bla.
Clearly after 5 weeks the relisting is more complex than anyone envisaged (for what reason who knows).
As for the general business discussions continuing, I am sure it is but at the end of the day I imagine many customers (and potentially funders) will have the same relisting questions as PIs and SYME will not be giving any more comprehensive answers than the ones it is giving in the RNS.
Time to hunker down and sit it out.
When is “shortly”? He really needs to get some concrete news on relisting and this sort of imprecise terminology doesn’t help.
He has posted nothing
Messaged the CEO on Linked In - his reply ' the company will be updating the market shortly'