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Why do I feel like it's poised for a breakout?
I've gone in heavy 4million shares now and hoping it all kicks in
Lender holds 5.8 billion shares. However, the 5.8 billion shares will be returned to the borrower after 2 years. PI holds less than 2 billion shares. Other stocks are held by companies related to Syme, and they will not sell their holdings. Therefore, the current free float should be around 7 billion (Lender holdings plus PI holdings). Therefore, Lender does not dare to suppress the stock price too low, because many PI shareholders hold stocks for a long time, and then Lender cannot repurchase the stock. Moreover, Lender uses its own stock to suppress the stock price, which will encourage other investors to take advantage of it.
Q. I have a holding of just 1 million shares but potentially will be worth a small fortune. Can anyone CONFIRM in simple parlance that Syme is NOT entering into a potential "Death Spiral Financial Agreement"
The RNS is a bit complex but all i need to know is that Syme is making all the right decisions for investor value?
Anyone .?
@calamari.....
Only if AZ wanted the shares back but why would he, he has the money and they have the shares to trade at 7 x what they paid for them........ :-)
Hi calamari,
I 'get' that there's a risk if they actually sell, but -if you've got 5 billion shares to play with (if , Heaven forfend, they were to talk to each other) , you've theoretically got a lot of muscle for a short attack.
You're only really at risk if something 'unexpected' happens.
And since even the fanclub are now openly acknowledging that the s/p is being manipulated, it wouldn' be a big stretch to speculate that these 3 might - conceivably - be dancing to the 'ring-master's whip', too. Or , at least, be aware of when it's about to crack.
Whoever he/she/they might be.
IMO
ATB
Hi calamari,
I 'get' that there's a risk if they actually sell, but -if you've got 5 billion shares to play with (if , Heaven forfend, they were to talk to each other) , you've got a lot of muscle for a short attack.
You're only really at risk if something 'unexpected' happens.
And even the fanclub are now openly acknowledging that the s/p is being manipulated, so it wouldn' be a big stretch to speculate that these 3 might - conceivably - be dancing to the 'ring-master's whip', too. Or , at least, be aware of it.
Whoever he/she/they might be.
IMO
ATB
Mr008 I agree, they will be shorting against themselves soon enough. General Public must be @ 10% now with the share churn that has been happening. It's the price SYME pay for having these ii funders, the other option would be to ask for deposits via open market which would result in direct dilution.
scottydod,
I have always been confident in syme! Only when I found out that Lender was in manipulation, I started short-term short. I am optimistic about syme for a long time. I believe that in the next few years, syme will definitely be above 20p!
Hi Mr008
furthre to extratrader remark
how does AZ bet for sp above 0.86p fit in this? Given the fact that 20 Dec is not far away.
AZ knows all what is happening ??
Mr008, back in September you wrote this. I'm not sure if the context is quite the same?
"The purpose of suppressing the stock price is to buy at as low a price as possible to increase the shareholding of Syme and to provide room for the stock price to rise in the near future. The corresponding strategy for syme investors should be not to sell or buy shares."
Is that still your opinion?
Do you have anything better to do extrader?? There i probably got you paid because I mentioned your name.
The business plan is 4 years ahead of schedule, the monetisation has therefore changed too. Stormharbour are still doing the securitisation but with a bigger funder...
Atb
Hi Mr008,
Quite ! The Morton's fork (https://en.wikipedia.org/wiki/Morton's_fork ) that then arises is that either
- AZ is as financially sophisticated as he and his CV suggest...yet for some reason he allowed this to happen; or
- he isn't.
Neither conclusion is particularly attractive.
IMO
ATB
Extrader
Syme stock price is not only about the interests of shareholders, but also about the reputation of Syme. Syme made a mistake, they should not allow Lender to trade the pledged stock. Because of allowing Lender to trade pledge stocks, it actually made Lender a powerful short, allowing Lender to continue to suppress the stock price and destroy the reputation of Syme.
Hi Mr008,
Thanks for the explanation, which supports my thesis at the time that the 3 x holders of pledged securities would/could be in a position to trade them anonymously to their advantage or potentially (as you appear to suggest), to the advantage of others.
ATB
A stock price manipulator needs two basic conditions: 1. Hold a large number of stocks. Shareholding can be used to suppress stock prices. 2. Hold a lot of cash. Use cash to buy stocks at low prices.
The manipulator of syme stock price is three lending platforms (Lenders).
29 July RNS:
“Supply@Me has been notified by 1AF2 Srl ("1AF2"), which holds 23,91% of SYME shares, that it has transferred as loan security a number of SYME shares to three lending platforms as follows ("Lenders ").
-1,615,253,000 SYME shares transferred to High West Capital Partners LLC
-778,571,429 SYME shares transferred to Stock Loan Solutions LLC
-3,500,000,000 SYME shares transferred to Union Pacific Capital Ltd
The shares have been transferred to secure loans (the "Loans") to 1AF2 ("the borrower"), with a minimum two-year duration, after which period 1AF2 confirms that it intends to repay the loans. The Loans may be drawn in a series of tranches over one month and Lenders may trade pledged shares to diversify their portfolio concentration risks. Upon repayment, all 5,893,824,429 SYME shares will be returned to the borrower.
SYME has been further informed by 1AF2 that, subject to regulatory approvals, it will offer to invest funds from the capital raised into the Company's inventory funding process alongside institutions (in the Open-Funding and Self-Funding structures) as described in the Trading Update RNS of 27 July 2020.”
1. 1AF2 Srl ("1AF2"), has transferred 5,893,824,429 symre shares as loan security a number of SYME shares to three lending platforms as follows ("Lenders").
2. Lenders may trade pledged shares.
3. Upon repayment, all 5,893,824,429 SYME shares will be returned to the borrower.
Since Lender must return the pledged stock to the borrower after the loan is repaid 2 years later, they sell the shares at a high price to suppress the stock price, and then buy it at a low price.
This is why when syme announced good news, the stock price did not rise but fell.