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All those sells past few months compared to buys.
Where are the shares going??
“ But if someone wanted to transfer funds , they could do it outside of the market for zero cost and fees and without bringing down the SP.”
So so true 😞. Worse than I thought..
Fair response.
Let’s wait and see. Either way, it’s being played!
Well I've been watching it 4 years and previously it was sell sell sell and then buy buy buy. With small trades used to hold I up when selling and down when buying.
Least that's how it looked.
It's a common technique, which is illegal but can't really be proven, but can only be pulled off by those with major holdings.
Lately, I Don't see any buying back, least not for the last 3-4month.
And given TAG owes money and has financial responsibilities and happens to be a huge stake holder. Then it would make logical sense.
Also CH trading hub is basically an anonymous fund in which somebody could easily wash their money and if they haven't managed to fill the subscription with their own investors then could just as easy be filled with TAG money or AZ money or both, to meet the required fund to satisfy the terms of the WL agreement.
Of course I could be wrong and you could be right.
But if someone wanted to transfer funds , they could do it outside of the market for zero cost and fees and without bringing down the SP.
I think this is the only time I disagree with you lucky. For me, this looks totally manipulative in terms of transferring of stock. I could be totally wrong, but why hold the price up?
I do think this is AZ or TAG trying to scrape the 1.5m to put toward the WL deal.
Just a theory though. Can't see who else could be selling for this long
91m shares sold in a single transaction @ c. 0.0026p. Ouch!
Eh??
*************c/1465294176/57908
Did you consider how much money needs to be WL IMd just to provide enough to break even?
I mean if we got a credit line of 5m , do you know how much that equates to in figures?
Henchking, I see your regular posts and shake my head, you are ramping this constantly, new people to this will see your posts and potentially think you know what you’re talking about, please stop!!
Yes.
I’ve listened to various posters here in particular TwoGood and his statement that SYME will get a credit line so averaged down again today! My average is now around 0.25 and I am now crossing my fingers for the promised WL news in the near future
Az might be early this time
No following here my good friend! Just people seeing and stating the truth!
I see an old firm favourite on social media has also had enough… people starting to see sense apart from you and a handful of others it seems..
P congrats on your new following here jemini could be you right hand man maybe?
ATB all holders
#leaderontheuninvested
#skeggyfalacy
Banks don't tend to offer insurance products either, they also white label via established providers. The same for consultancies and outsourcing partners - these are all established companies with a track record of delivery.
You've explained the traditional funding model - I get the premise behind that, I had a fair sum invested based on my understanding - it's the WL aspect I'm struggling with.
As part of BPM's due diligence, they're going to look at a business with a product that hasn't got off the ground in 4+ years, that has numerous critics and a CEO who has been - to be kind - economical with the truth, and they're going to lend their considerable weight to white labelling this product? Is this what we're expected to believe now?
Just to add Banoco BPM will no doubt badge WL IM as their own lending product to clients with the actual behind the scenes service delivery outsourced to SYME.
Does it really matter if SYME's name appears on the new lending product...not really I'm sure banks use thousands of different suppliers including software support that they don't advertise the use of for confidentiality and commercial reasons..normal stuff really!
Fiisch
Banks don't buy and hold inventory its not within their remit to do regulatory and governance requirements hence you need a third party to provide this service.
A sale and purchase of inventory which can be monetarised has to occur risk needs to be managed through a spread of investors investing in electronic tokens through a virtual trading platform.
Specic software needs to be deployed to deliver an end to end solution to capture the buy and sell back of inventory as well as the monetisation through bank funding and asset managed funds. As well as providing pricing and credit risk functionality as investment tokens are tradeable on the open market to other third parties hence more regulation to be met here.
There are numerous legal, tax, accounting, audit, regulatory hurdles to overcome which makes what appears to be a simple process very complex.
Multiple jurisdictions add further legal abd regulatory challenges.
Ergo banks can't enage in WL IM.
Hence your analysis and hence comparisons are fundamentally flawed.
Wise words Fiisch, you make sense.
No doubt the positive posters will see different.
Another major concern - and my reason for selling - is WL and BancoBPM being heralded as the next transformational activity for SYME which will finally start to generate revenue. WL in SYME's position makes zero sense.
Granted, I am not a banking expert, but I've been around the insurance market for a long time and worked on setting up a WL arrangement. An example would be Allianz and BMW - BMW want to sell cars and offer their customers a branded insurance policy and a "free" 7-day drive away cover so customers can collect their cars off the forecourt.
BMW offer their customer base, their branding and their reputation to the WL arrangement.
Allianz bring years of expertise, a solid reputation and provide BMW comfort that they're not going to upset their customers.
It works to an extent, as some particularly brand loyal customers will pay a bit extra to have their insurance policy on BMW paper, safe in their knowledge their brand new £60k M340 wagon has suitable cover. As there are two pigs at the trough, so to speak, the pricing is not especially competitive - how many of you have bought manufacturer branded car insurance after buying a new car from a main dealer?
Another, more successful example is Covea (formerly Provident amongst others) and John Lewis. Covea, not a particularly well known name outside of insurance, but a long standing trusted insurer leverage John Lewis' existing customer base and brand to sell insurance.
In both cases, these WL arrangements widen White-Labeller's product offering without having to invest in staff, systems and resources to deliver the product. John Lewis use Covea people, systems and product, but the end customer gets their documentation on John Lewis paper. Both Covea and Allianz are trusted long-standing insurers with great reputations - in both cases, the white labeller can be confident their reputation is intact because the provider has a long-standing reputation for delivery under their own branding and via other distribution models.
What do SYME actually bring to BancoBPM that BPM can't do themselves? Are we to believe the platform is so especially innovative BPM could not build it themselves? Are we to believe monetisation is so complex than BancoBPM's infinite resources cannot deliver the same/something similar? Why would BancoBPM trust their name to a relative unknown - a CEO that has a track record for failure, scores of unhappy investors and the company has struggled to get the product off the ground under their own name?
Does this kind of WL arrangement, where a banking product is white-labelled by a relative unknown with limited to no history of selling this product under their own name or any other distribution model, exist anywhere else in the banking world?
WL was always for me a long-term revenue stream once SYME had established themselves in their own right. I struggle to see how WL will take off in isolation.
…… come on AZ! Give us some good news is over half way through April now.
29th Feb - SYME currently expect the contracts to be completed by the end of March 2024 and will update the market accordingly
5th April - As of today, SYME, the working group and the external legal teams are finalising the review of the commercial contracts and further meetings are planned in the month of April
TwoGood. You seem to know an awful lot about bank processes. Have you worked for a bank before?
Not really how the stock market works juno
"So it's not a cheese board for cheesing!"
😂 I nearly choked on my bacon 🥓 😂