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The Proactive analyst report of 27 May 2020 on SYME’s website suggests that it had undertaken 2 initial IMs in 2016 and 2017. So if that report is to believed then SYME have been in start up mode for almost 8 years!
Next two weeks should be key as RTOP is due to publish interims which will provide update on its financing or lack of it from TAG and SYME should be providing an update on WL IM.
Jemini
"do you and the happy clappers think it’s actually going to happen?"
Based on the fact that an IM trial commenced with Banoco BPM, yes that looks promising..Will IM definitely progress to delivery with the bank...no one really knows for sure if the bank progresses beyond the trial stage..and there are a whole lot of responses, or most likely, non responses if for whatever reason the bank declines to progress to delivery stage..so yes it could still fail in the end.
again peak, you are totally allowed to have your view.
but, to say “we ain’t actually started yet” makes me question a few things…..
1, you’re ok with this after 4 years…..
2, you are happy with 4 more years of lies??
3, you think az is the right man for the job
4, you trust every rns….(and yes, it doesn’t have to be fact which most haven’t over the years)
do you and the happy clappers think it’s actually going to happen?
well, i’m fuming with the man, if you asked me 4 years ago how i would be today i would have said over the moon.
he has lied from day one and to say he hasn’t is *******s. i can’t even be ****d to list the lies! £300bil 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
and no, it’s not fuc&ing funny
These things take time, alot of time, especially in overseas jurisdictions let alone in the UK.
Banks take time, alot of time, they need to ensure to their customers, tax officials, audit committee, risk oversight team, legal teams, etc that apart from the fact that the WL IM is a profitable enough lending product to meet their shareholders expectations, that the product also meets any and all local legal, tax, accounting, audit requirements...again it takes a long time.
Then you have the added complication of WL IM asset digitalisation setting up an appropriate trading platform, attracting asset investment funds, and ensuring again that this solution meets all legal,tax, audit, accounting considerations and that most importantly confirming there is a market in the first instance...very similar to Block Chain technology but with a securitised asset attached.
To even get through the doors of a major bank in its own right is a major success, think how many suppliers don't even get that far to even a trial basis.
Hence the lengthy process to datenand very difficult journey. Added to that the funding requirements meaning no one would lend to SYME as stated a high risk start up fintech business with no business track record hence the use of third party funders such as Venus, leading to massive share dilution, ergo 60 billion shares issued and the huge drop in share price over the years painfully experienced by many investors, especially those at the outset, who didn't realise how long and arduous journey was ahead.
However things do seem promising and we hopefully will have some positive news by the end of March, early April as to whether WL IM progresses with Banoco BPM. yes its a gamble, and nothing is certain, and even if good news arises on the product being accepted and on funding by way of a working capital credit line with the bank it will still take sometime to ramp up, but by then, the WL IM solution would be fully proven that both it works and there is a future market.
jemini - you might think its crap but the fact is we ain’t actually got started yet - couple of poc ims generating revenue which is hardly worth mentioning - no one can be or should be happy with the current situation however we are where we are and hopefully wl bpm will be confirmed by the end of the month - i don’t think anyone thinks investing is easy , if it was no one would be working and we would all be millionaires and we wouldn’t be on here complaining and posting - i’m not sure i would agree that it’s been a shambles given that most of us invested before poc and invested in one of the highest risk stocks - a penny fintech start up with absolutely no poc or revenue generated - very high risk high reward - we all have to deal with it in our own way and - syme are not on their own - most shares are under performing and the whole stock market is on its **** at the moment - sure you will get a few out of 1000s that will have a good run but few and far between - may take a few more years yet and that’s not ramping or deramping it’s being realistic!!
That’s your view and you are aloud to have it. My view is what I said.
Let’s see what the next few months hold. I’m hoping for all of us we can get something back. No long term holder here deserves a massive loss. In investing you never know the outcome.
But the way I see it is, if this fails… and fail it might! It’s not helped by the outlandish ramping from the CEO. The lies, the build ups, the constant “it’s ready to fly” stuff. It’s really not normal behaviour.
I used to back this to the moon on the back of RNS’
He is accountable. Should be held accountable and should be taken to court in my view if this is a massive failure. Because everything he stated is quite frankly been a lie and a pump for someone to sell.
Whilst I am heavily invested there are worse people off.
It’s a shambles! And anyone still backing him is delusional. I just have hopes that there maybe a spike to get out.
I honestly wish everyone well and want everyone to get there money back but I have had enough of this circus. To have that opinion is fair. If you don’t like it fair enough but people shouldn’t knock what I have said here. It’s facts on what has been delivered over 4 years. NOTHING. And peak - don’t get me started on, we are just staring, only just got proof of concept crap.. 🙄
Zero ramping going on in any of the TG's. In fact the polar opposite so suggest you get your facts straight before talking rubbish.
I was planning to join the TG, then i took an arrow in the knee.
Hemdaisa. Very easy to join the TG group that seems to think it knows it all. Directions below
1. Look in the mirror when brushing teeth
2. Look at your self in the mirror whilst spitting out
3. Whilst spitting, tell yourself you have made the BEST INVESTMENT
4. Wipe mouth
5. Pat yourself on the back
6. Invest more money
Jokers! These TG groups have been going for years, said we will have the cake and eat it. Now go on bloody google, tradingview or any chart you like and look at the 5 year share price
Good luck mate as it ain’t easy viewing.
Yet these tools still ramp! 🧐
Party continues
The bank is stumping up 8.5 million euros(if i remember rightly)to get first WL up and running - so if they like how it works and they are willing to fund more we may yet be rewarded for our patience , hope so anyway...
G L A
To be fair we had a reasonably comprehensive update only two weeks ago...
Not a prediction but any news that transactions have taken place and we have generated income would do me.
We are in need of a long overdue RNS affirming that SYME’s strategy is on track. The volume of trades at the current, obscenely low, level is disappointing. Especially so for LTIs who have been severely misled by the CEO’s confusing rhetoric.
No different in Tg groups.They are waiting just the same as outsiders.
They're closed groups. On full lock down
Would you elaborate how to join Telegram plz sir🙏
His predictions were spot on.
He has made millions.
I am sure that a year ago, April '23, as AZ sat across his walnut Boston cherry conference table sipping his Jamaica Blue Mountain Coffee from his "I am the BOSS" mug, he reflected to Albert that "this time next year Albert we will be millionaires...again". So Albert stated publicly that there is "significant" interest in Syme and in the coming months "we can shed our start up tag". He also stated of course that there would be challenges and further opportunities ahead.
If AZ is as good in making Syme a success as David Jason was playing Del Boy then his mantra "This time next year, Rodders, we WILL be millionaires!' should be due next month! Interestingly, the hit show was set in Peckham, south east London, but Del and Rodney's flat in 'Nelson Mandela House' was in fact Harlech Tower in Acton, in the west of the capital. Now selling for well over £1.1 million. So Del was off by a few years, but did come good in the end.
You have to read it backwards for it to make sense...
Who or what are Zamaz/Dispensa and what is the relevance to SYME? I’m confused
Zamaz / Dispensa now bust after the laundering exercise. Part 1 done.
Placing for more “insider” shares incoming.
UK IM transaction didn’t happen - FACT as you’ll see in the accounts.
If he was a fraud then why bother going to all the time and hassle with Banoco BPM and the work to date just pocket what he has made and dona runner!
The reality he wants WL IM to work as do the shareholders but the journey to get there has been far more arduous and time consuming than expected.
Let it all out Micky.🤣😂