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SYME can't/won't use CLN to fund monetisation for 2 reasons :
(1) it's not SYME, but an SPC that does the funding, SYME is only arranger/coordinator;
(2) Negma has charged 12 % up front, a higher rate than it's been said the typical ('only good credit') customer was expected to pay.
Investors are .. and if that investors assumptions are wrong they may lose 'their' money!!
DYOR
.."They will have 'evidence' via their professional advisors, of where SYME currently is and where it is going. Copies of management accounts, signed agreements, details of funding, evidence of partners etc etc etc..."
Now who's speculating or making assumptions....?
;->
I think he owns two of the plastic green houses!
I'm going with Monopoly...!!
I think he owns Mayfair AN|D Park Lane..
And he paid himself £400k when he went past GO !!!
If I were to put up two tents in my back garden, do you think that would constitute a property portfolio?
The Ex and Lex show, comparable to Alan partridge and Lynn!
If things do go as we hope, being investors it is natural to think that way, it will be the Ex and Lex Circus as they both turn into Houdini and are never seen again
But Steve he has a £400k portfolio.. AND a property portfolio !!!!
I will keep an open mind, I think he and Ex could be genuine ;-)
Think I'm going to have to go with AZ Parm.
Something a little shifty about that Lex character, just can't quite put my finger on it............
Oh of course, he is full of ****!
"Just watched it and same old jam tomorrow and waffles it’s scripted questions.. When AZ says the CLN facility is not a death spiral you know that’s exactly what it is…"
It's good to know we can always rely on your balanced posts lex... erm..
'LexLugar208
Today 21:45
Posts: 1,199
Price: 0.36
No Opinion
Just watched it and same old jam tomorrow and waffles it’s scripted questions.. When AZ says the CLN facility is not a death spiral you know that’s exactly what it is…'
Hmmn...
Not sure Steve do I believe AZ or LexLusar???
Well come on then Lex, give us some precise detail, supported by evidence, as to "that’s exactly what it is…"
You cannot criticise people for posting on here, when you are the bastion of the free world and saviour of potential SYME investors (a true super hero), when you simply rely on your own rhetoric...
For info only, do you wear underpants over your trousers and have a cape for your superhero role?
"But to speculate that .." they believe SYME will give them greater access to funders to help monitise the demand they are currently unable to finance..." is truly bizarre, since as it stands, the only funders that SYME appears to have access to are CLN-providers."
Bizarre to speculate - TFC have had a good look under the bonnet at SYME, via the DD process (or let me guess, you would suggest they are so inept they haven't even undertaken DD?)
They will have 'evidence' via their professional advisors, of where SYME currently is and where it is going. Copies of management accounts, signed agreements, details of funding, evidence of partners etc etc etc. Yet it would appear they are happy to sell - It's a mystery.
Every single post you put on here is your own speculation ex, never backed up by any evidence or detail; rather strange you would now try and twist this against another poster.
Have you seen the exact detail of the terms agreed for the CLN ex? I'm guessing not. On that basis, how can you come on this bb stating SYME are doomed.
For my part, I remain open as to whether this is a good deal or not for SYME. I will wait to hear further information and evidence before I start spouting my opinion. It makes for a far more honest post
Havoc - I think the link you posted - Tradeflow 30x more business than they currently are able to fund will be big enough to repay the CLNs I’m not too concerned about the CLN and it’s only my opinion but after listening to Sunday roast and AZ referencing the fact the CLN can be paid back in cash I’m more inclined to think he will be using CLN as a bridging loan - all/most big companies have loan facilities in order to further the business growth - the ripples of the current pandemic will be felt for many years - every single share I have looked as had delays weather it be mining , energy, commodities - vela, Forbes venture, Dukemount etc etc syme are not immune from delays and probably even more so given that we are a innovative start up fintech company - however I do believe that syme will be really big and has endless potential given time.
ATB
Peak - I just hope that SYME does start to deliver so they can pay back the CLN's with no or little (due to higher SP) dilution otherwise Negma COULD become an anchor that drags us down. I don't think they will as I think SYME will deliver, but it is a risky move.
AZ also stated the flexibility of the CLN has the advantage that it can be paid back from IM which could mean we are ever closer to the 1st tranche of clients monetised - if you listened to Sunday roast Dukemount have also gone down the route of CLNs as they are 15-25% cheaper than alternative funding methods - they also likened them to a bridging loan - in any event Negma would not have agreed terms with syme if they were in any doubt of symes success.
One other point on speculation - we must have all heard the well known phrase - speculate to accumulate!!!
"whatever media Havoc is referring to" you mean the recent interview that he did with Proactive a couple of days ago. I'm genuinely a little surprised you have not watched it seeing as you have such a keen interest in SYME....
Heres the link so you can watch it: https://www.youtube.com/watch?v=7WWoXA3d1Q0
Exactly Lucky, and I recall posting before that when it was being speculated that they would be a placing to raise funds for the TF acquisition that I expect they would also use the opportunity to raise some additional working capital to tie them over. But again, AZ has specifically stated in the interview that the CLN's are to be used to fund further acquisitions. I, and others have also stated that should a CLN be taken up to merely create working capital to "keep the lights on" then that will be a big sell sign for me as they clearly wouldn't be generating enough revenue to cover their costs.
"It’s quite clear the CLN facility is partially needed to fund working capital requirements… All these new hires need paying"
Yes lex it's a stop gap until the company gets off the starting blocks makes profits.
I would state that AZ has said the CLN's are to fund growth and expansion, not to fund the day to day costs going forward should any more tranches be drawn but some may interpret that using the CLN to fund monetisation is effectively growth. One I do not share and I can happily say that if SYME does take up another tranche of CLN because they have decided to IM some clients directly then I will be out.
'But to speculate that .." they believe SYME will give them greater access to funders to help monitise the demand they are currently unable to finance..." is truly bizarre, since as it stands, the only funders that SYME appears to have access to are CLN-providers'
WHY is Havoc's speculation bizarre?
Syme have RNS'd there are funders waiting to IM.
TF would, I would 'speculate', be privy to certain info as part of their dd, so just maybe they know what funding routes are available.
Syme have said the CLN's are for 'new' acquisitions.
So Havoc's speculation seems rational IMO.
SO the bizarre thing would be to suggest the 'only' funding that Syme appears to have access to is the CLN's. In light of everything else Syme have RNS'd / said... funny how you can twist things to suit your narrative!
How strange from someone who has no position here and is simply 'researching' Fintech!
ATB
Anyone is allowed to speculate - myself included - I read ALL posts but choose to respond to the ones that align with my own views - I do not nor will I ever get drawn in to petty squabbling - I'm a grown up - not interested in winning/ losing an argument/debate - all opinions are correct to the person that has posted them, I have work colleagues plenty of friends and family and don't need this bb for company - I have been here long enough to realise that nothing anyone posts on here has any impact on the sp - it can have an impact on individuals mental health and can affect the vulnerable - I avoid confrontation and yes very positive about syme - not interested in echo chambers all I need is right here - trolls and negative posters do make some valid points but for me personally the positives far out way the negatives - I'm more inclined to listen and engage with genuine investors that have a vested interest in syme but also genuine concerns rather than non invested posters who have a history and track record of posting nothing other than negative posts and spend more time promoting their negative narrative than most spend at work !!!
Best wishes all genuine LTH
I've no idea why TF have apparently agreed to be taken over by SYME....and haven't speculated as to why (which Havoc has).
But to speculate that .." they believe SYME will give them greater access to funders to help monitise the demand they are currently unable to finance..." is truly bizarre, since as it stands, the only funders that SYME appears to have access to are CLN-providers.
HTH
Got it? Don't think you have!
Havoc as you said was speculative.. he 'thinks'
You posted
'What's the 'added value' that only SYME can provide ?'
who said it's ONLY Syme that can provide added value?? - yours was not speculation!
Despite what you 'think' about confirmation bias, you will have seen if you cared to; posters here call out posts like earlier when one mentioned TF and a T/O of £4m and potential x30 revenue etc. Which was wrong and he had no way of substantiating.
Like I said you don't get it!!!
'
Ex - did ask you why do you think that TF have allowed themselves to be taken over by SYME? Other than simply that TF is failing as there is zero evidence of this.