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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🙈
Just took another 1m again.🤣
Steady, nice top up.
Done the same thing myself over the last 5 weeks but funds now needed elsewhere.
Been here myself since July 2020 and holding tight, down loads, and for some reason this month waiting on news just seems to be the longest month ever.
Fingers crossed, everyone who has supported the company deserves a positive result.
Good luck all.
Which of the 300+ TG groups are you guys referring to, if you don’t mind my asking??
Since first investing in SYME in mid 2020 I’ve always been a member/admin or owner of at least two TG groups.
In all honesty I have to say - to this day, I've not once been privy to a single piece of information that’s been proven to put me in an advantageous position over any other private investor. To be any good in this game you need to learn to accept your own judgement and not seek advice from others. Nobody knows any more than anybody else at this level and that is a fact.
As usual it’s good luck all and good things “sometimes” come to those that wait….😉
Got myself another 1m.Why not ? 😁
In my view AZ must be an intelligent man to get where he is with his career history.
I am pretty sure that this has been one big learning experience for him. To process a concept from paper to delivery, especially when trying to play in a “club” full of divas, dictating what they what and each “investor” having their own due diligence process.
If you look back at the RNS’s I suspect, at the time, they were valid and had to be disclosed. But in the landscape of the pandemic, global upheaval and the aforementioned divas, things change.
I have noticed that since Albert has come on board the RNS’s have slowed down…perhaps the steady voice of reason, rather than the excitable flamboyance we had been accustomed to.
Just my thoughts…
If we were to equate SYMES progress to a horse race, and let's face it - it would have to be over a marathon trip that would make the grand national look like a five furlong sprint , then we can safely say that our runner is travelling like an absolute dog!
The grand national is actually a handicap and our handicap is that we only have three legs , we are pulling a fully loaded milk float(no doubt AZ hopes to monetize the milk)and our jockey is facing the wrong way and seems to have got his whip stuck up his ask no questions (apparently some people will pay good money for that sort of thing)...
On the plus side ...
We are still standing...
We are still moving , albeit at an almost imperceptibly slow speed...
And we are , I think , going in the right direction so...
we can but hope 🤷🍀🤞🏇
G L A
And there’s plenty in the same boat here sadly ! Wake up AZ 🤦🏻♂️
That's the bottom line , there is nothing we can do but wait. In my mind 90% down which translates to a personal loss if I sold to be in the tenths of thousands pounds down at this point I see it as a possible loss.
Peakhope, you imply AZ is ‘slippery and conniving’. So do you think a person with such character traits would work in the best interest of shareholders? I always thought you considered AZ to be on our side
Are we having another week of no news, I hope not. It's time for news.... hopefully good news
Thanks for allowing me to have my point of view 😉😂
1. I am sort of ok after 4 yrs as I have a 3yr plan from 1st IM - sp doesn’t matter to me much personally until I want to sell - obviously we would all like to be in profit whilst holding - I have bought all the way down and in doing so got my average down 👍
2. I don’t think we will get four yrs of lies and will have to wait to find out - one could argue that if AZ played it any other way we may have gone bust already - instead we are still in with a chance 🤞
3. I do think AZ is the right man for the job - if he is as slippery and caniving as some would have you believe, I think he has all the qualities needed to make this work 🙏
4. It’s difficult to trust any RNSs 100% when you look at what’s been in the RNSs and what’s been delivered 🤦♂️
And then you spoil it by getting personal and calling people “ happy clappers “ as I stated earlier no one can be happy but you either believe in the team , the model and that it will come good or you fold 🤷♂️ you won’t make any difference whatsoever coming on day in day out saying the same thing - most LTHs have heard it a 1000 times already across most TG s as well as on here - no happy clappers lately in fact there are more negative posts than positive ones !!!
🤣🤣🤣🤣
LuckyBob23
"How longs it been since first and only IM?? Where's the snowball of increased business.."
I believe early January 3rd RNS for the initial guidance and then 29th Feb RNS as follows for further timelines.
'SYME currently expect the contracts to be completed by the end of March 2024 and will update the market accordingly'.
Hence my expectation would be a trading update just prior the Easter Weekend this month ie within the next nine working days.
Good morning 2G2D, the thing is , is all those things that take time , we were told from day 1 were sorted.
We were told true sale was bullet proof, backed by big 4.
Now the words true sale don't even exist.
It doesn't take 4 years to put a contract together.
Also the dilution via CLNs was to buy tradeflow for a massively inflated price.
A company we did not need and could not afford.
People were made millionaires off the back of that deal.
Everything about it was dodgy, yet many on here hailed it the best thing since sliced bread and when it went tìts up those same people declared good riddance.
It's not about risk vs reward its about the tactics used by the CEO to get what he wants at the expense of us PIs..
Those tactics include having billions of shares in the first place so the shares seem cheap despite the mental valuation on rto.
And telling us PIs they had multiple funders lined up
A platform
Researching Listing on NASDAQ
Pledges to buy shares ... who does that??
Just dodgy move after dodgy move..
Your right, WL is great if it happens, but no idea how you think the bank is going to offer a credit line to us when they're going to be analysing that single transaction probably for the duration of the point of handing over funds till they've received them back.
How longs it been since first and only IM?? Where's the snowball of increased business..
Why hasn't there been any?
Why isn't AZ taking a pay cut or a shares for pay deal when he's screwed us all over.
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.