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Probably AZ averaging down...
Lots of buys but price is going south?
1p market cap
Very interesting.If there are no comments,it moves forward in green, so let's stop writing and it will be 1p soon
AZ is cutting a bit fine to get an update RNS out next week as advised and evennif it goes into early April funding will be an issue...The business running on fumes and down to the wire with AZ and Banoco BPM...
Not long to go now.
End march with a bang or a fizzle.
The last big rise took us to 0.18p on hot air.WL may well be the start of something special.
Goto be some big news to get us to 120m mcap
If we get positive news next week there's no reason why we can't rise above 0.2p and that's what I'm expecting.
Hi Mitch,
"Latest 2 deadlines BY eop next week. WL will see a long awaited jump, my prediction next week .12 so increases coming up."
you think 400% rise in 9 days???
I mean, I wont be disappointed by that
In the past news by xxxx date has resulted in a rise and dump on news, this time it is playing out differently, so hopefully a rise on news and no dump, hopefully following on with more good news,
At least we can not get an april fools rns this year!
Mitch,
"TradeFlow was valued at approximately £31 million at the time of the TradeFlow Acquisition by an independent valuation company. This figure was included in announcements published by the Company on 26 May 2021 and 6 July 2021.
· On Completion, the Company paid £4.0 million in cash and issued 813 million new ordinary shares in the capital of the Company ("Ordinary Shares"), each such Ordinary Share being issued with a contractually agreed value of 1.1 pence each (or £8,943,000 in aggregate), to the TradeFlow Directors ("Consideration Shares"). As specified in the 2021 Annual Report and Accounts, the fair value of the 813 million Consideration Shares issued was £3.1 million based on the then prevailing market price per Ordinary Share.
· The difference between the fair value of £31 million and the fair value of the amounts transferred by the Company to the TradeFlow Directors on Completion comprised future earn-out payments that would be made to the TradeFlow Directors if certain revenue milestones were met from financial year ended 31 December 2021 ("FY-21") through to financial year ended 31 December 2023.
· On 18 July 2022, the TradeFlow Directors were each issued with 106,762,760 new Ordinary Shares in relation to settlement of post-Acquisition earn out payments for FY-21.
· As part of the TradeFlow Restructuring, the Company recently commissioned an updated valuation report for the TradeFlow Group. This valuation report was produced by the same independent valuation company as was commissioned in connection with the Acquisition. This most recent valuation was dated 6 January 2023 and valued the TradeFlow Group as at 30 September 2022 at £25.6 million."
The valuation dropped from 31m to 25m.
We payed 4 million , some Shares and then one payment of more shares.. then we never finished paying for it.
Mr flanalist has not yet told us why he spends hundreds of hours talking about syme
ATB all holders
#skeggyboyz
The other xrick turns up straight after.
Firstly, at the Completion Date expected by the end of June after the finalisation of the necessary regulatory and administrative procedures:
· an amount of £4 million will be paid in cash; and
· the Company will issue 813 million new SYME shares at market price to the TradeFlow sellers which represents less than 3% of the Company's issued share capital.
Secondly, earn-out payments covering the period from January 2021 to December 2023, made in cash or shares at the choice of the Company, based on TradeFlow achieving annual revenue targets commensurate with the business plan that underpins its valuation. TradeFlow has been valued at approximately £31m by an independent valuation company. The valuation is based on the positive track record of funds launched, the Intellectual Property rights related to the proprietary digital platform ("TradeFlow+") and the TradeFlow business plan to 2025.
SYME’s stake in Tradeflow was fair valued by SYME based on sale price of £2 million for 81% stake at just £352,000.
In SYME’s 2021 accounts you can see that when SYME purchased Tradeflow it paid just over £7.1 million upfront and had a further £4.5 million in deferred consideration, a total of just over £11.6 million.
So I don’t think SYME will be getting £6 million for its 19% minority stake in SYME.
AZ either surprises everyone and does more than expected with Banoco BPM liking the WL IM product with the bank providing a working capital funding line, or it simply flops with share price crashing down to sub 0.0002p and funding becomes a major issue as cash dries up.
I don't consider AZ or SYME to be a fraud its just a very hard business model to pull off with lots of moving parts and I think he is very close to succeeding.
Everything you say finishes on a negative spin.
The Company has recently received an early stage expression of interest with regard to the 19% ownership stake that it currently holds in TradeFlow and which it is in the process of evaluating. Alongside this, the board of directors of SYME is in the process of considering and evaluating its longer term options with regards to its remaining 19% stake in TradeFlow.
19% of £31m. I'm sure TFC value has increased if first valuation was true. £6m would help at this stage.
Latest 2 deadlines BY eop next week. WL will see a long awaited jump, my prediction next week .12 so increases coming up.
Thanks for the answer Peakhope
And chewy8uk I agree the company needs to get to profitability so there is no more risk of dilution before the price will sustainably rise. So they need to do a big fund raise now to see them through to profitability and remove the doubt
If WL will be completed and it looks like it will be the gate opens for syme to generate dosh, lots of dosh. No worries about funders, zero risk for bank, they have incredible amount of clients which they will obviously offer this to them. Banks clients will take it as it's a no brainer opportunity. Bank making hell of £££ and syme as well. Other banks will follow, why they shouldn't? Banks love easy money 😉
Cannot wait for news, again feeling exciting about this stock. This dog has a big chance to change finally to our dream unicorn. GL LTH's
Its a £3k sell.
No big deal.
Having lots of WL happening is no guarantee share price will rise.
Syme could be making 5m a year and we could still be stuck at this sp,nothing is guaranteed here or with any other share.
AZ worried about keeping company running and getting his wages, so if that means more dilution and lower sp then that what will happen.
To raise sp, needs to be high demand for shares,at moment nobody trusts him.
What is there to explaining?
This has been going on for 4 years.
Only the first few years it was blocks of 20-40m and they were worth a lot more money back then.
I don't doubt he's trying his best to get this to a functioning business and beyond.
But making a pledge to buy shares if the price gets to X is nothing less than a dodgy ramp.
The whole tradeflow deal was dodgy.
The valuation of syme at rto was dodgy
Plenty of other dodgy announcements being made.
Lots of things brushed under the carpet, which is dodgy.
Background trading = dodgy
Above all else AZ is a business man and will want the company to succeed - he will put the company before shareholders , personally I don’t think he is devious or conniving he’s just struggled to deliver as yet , my post read some would have us believe he is slippery and conniving - I think he’s trying is best and had to take different routes - I believe he will get us there and deliver 🤞🙏
Can someone explain how the person who sold 10m shares at 16.11hrs today has made any money?? I’m really struggling to understand why anyone would sell at this price, especially with talk of announcements at the end of the month! Am I missing something??? Someone please explain🙈