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This could well go back to 0.30-0.20 range in a few weeks. I'm holding off until then for the drops to happens
I’m out at 0.42, painful as down 30% but only myself to blame due to insufficient research.
The concept is interesting and might well work but a board of 1 plus two NEDs is poor governance and a potential revenue stream of roughly 7m plus - other 2 in March doesn’t justify a MC of 138m.
GL to those who are still in
You'll all lose a lot less if you all get over to SCGL but not before Friday because that's when I get paid and will be topping up there.
@Ex
I don't disagree with that. As evident in the share price. I also think almost every company I've done digging on is similar. Mining ones I've found to be the worst. I think SYME has been punished for a lot of the goings on you have posted about. Falling from the 1.1p in March/April. I see it as now in recovery as they are "proving" the business. I could go on 100 boards on here and rip the companies apart but i don't. So i just wonder why you are here.
Its at 0.43 now, I thought you said it's tanking. It should end around 0.47. sea of blue coming.
Hi Weathergeek,
Thanks for sharing.
.."I just feel your examples are heavily leaning towards suggesting this is a fraud and I disagree..."
To be clear, I don't think it's a fraud, but they seem unnecessarily - and unhelpfully - opaque in their dealings with the market, which I think is counter-productive and ultimately likely to cause people to question/discount their achievements.
And lead to a 'trust discount' to the objective 'fair value'.
ATB
I am very grateful. I give thanks for life and what I have everyday. I also know I make it my choice to choose my mental attitude and mindset. I attract the things I think about as we all do.
So if they had put..
To answer ' ...By way of illustration, if the Monetisation concludes as intended, the following revenues should be generated...'
Would you not have said, "it's just an illustration" "should be generated"
I personally think you are just looking for holes which is fine. Thats what we all should do. I just think those holes are disappearing fast but you are still looking for them. We differ via life experience and I fully accept and have sympathy for any bad experiences you have had. I also know I should learn from the experiences of others so appreciate the sharing of them. I just feel your examples are heavily leaning towards suggesting this is a fraud and I disagree.
Hi Weathergeek,
Just seen your Q...and follow-ups, aggrieved that I hadn't replied straightaway.
Some of us have other things to do, from time to time.
To answer ' ...By way of illustration, if the Monetisation concludes as intended, the following revenues should be generated...'
It's not that difficult.......and leaves the RNS issuer with wriggle room in case, with the best will in the world, 'stuff happens'.
Which it often does, in my experience, both in investing and in life in general.
Maybe your experience has been different, in which case, be grateful....and I now understand your lack of comprehension.
ATB
Weathergeek, so he is using your replies, he’s not bothered what you say as it’s another way to reinforce his message by repetition
Don’t sweat it though as the 29 companies listed were vetted by the funders
as announced on 27 July, the pool of 272 companies originated by one of the two Italian "Self-Funder" institutions that has resulted in the initial selection of 29 corporates upon which due diligence will commence.
There is way way more to this RNS than meets the eye and nobody sees it
So that is the self funders alone. What about the rest who have been passed through storm harbour etc
So leave him to his rambling
Maybe shorts closing now, I could sell my entire holding all they way down through that bounce, over mid market price. Short attack is hopefully over and we may see a significant rise now......not selling any!
@AP.
He's saying the RNS stated "expected" income. Saying thats "expected" not actual.
3 year term, no way of knowing exact sales and use other than estimated and monitoring via modern tech so its worded expected". He's saying the RNS is misleading as well as I am. So I'm simply asking, in his opinion. How should it have been worded.
Again, he ignores the question and carries on. Three times now. And he called me a politician a few weeks back. haha!
Weathergeek, I have that extrader in green,
By your replies I take it he is insinuating no income at all because the round hasn’t been completed yet?
Or something like that
Just remember income JULY August and September, where is that coming from. The clients in October round
And yes they can’t confirm absolutely because the funding round isn’t complete
Not an issue and don’t let him fill the board,
@Ex,
As they estimate the stock use, the yearly contract would get adjusted upon yr renewal just like a gas or electric bill does per quarter when they know what you have used.
Again, What wording would you suggest they use rather than expected?
Exactly this. And the main market too it must be said. Some people come out with all sorts of waffle you just have to laugh sometimes.
Not many to be fair @Calamari. However I can't see those three BOD with very good experience ruining their career by running a scam on the London Stock Exchange, can you?
I’ll feel better once they are established in the UK rather than dodgy corrupt Italy.
Hi Weathergeek,
.."how can they know "exactly" what will be monetised. Thats the reason for the new tech, blockchain etc can "monitor" stock levels and charge accordingly..."
My understanding was that fund levels / investor returns ebbed and flowed with inventory movement (as you'd expect) but that SYME's service fee (which is the bit that its shareholders should be interested in) was fixed and upfront.
How could it be otherwise and still be 'up front' ?
ATB
Sqidchops - answer in English please.
This is main market not aim a lot of hoops to go through to get a listing
Yep this is tanking big time now, they need to deliver something quick otherwise its over
Hi Ex,
What wording would you suggest other than expected?
Hi Weathergeek,
(1) When you reply to my observation of the FACTS by saying .."I would say you are guilty of the same things but JUST BASHING rather than ramping. I'm optimistic, you are cautious...", you arguably tick boxes 3, 5, 10, 11 and 12 of the link I just provided.......QED
(2) I see 3 possible outcomes here : Success, failure and scam.
I'm previously on record as saying that I hope SYME succeeds - as a 'disruptive' force in a hide-bound industry where I used to roam - but as things stand , I thank all 3 possibilities are 'not proven'.
I think reports that AZ intends to dial back on RNS's is a positive development that we can all take lessons from.
ATB
I see
Stop replying then buddy ....
@ex Trader, What wording would you expect the to use other than "expected"
As it hasn't happened, they can not put "will" surely? Its into the future and a three year term, how can they know "exactly" what will be monetised. Thats the reason for the new tech, blockchain etc can "monitor" stock levels and charge accordingly.
I would say you are guilty of the same things but just bashing rather than ramping. I'm optimistic, you are cautious.
Honest question. Out of a scale of 1-10, how likely to you think this is all made up and a fraud?
You must have no faith at all in any regulation or authority in the city. I know there is plenty of corrupt ones, but really, you think this is all a fraud, with all that BOD complicit?
Marlen
Really couldn’t give a toss.
It’s a DISCUSSION board, not a fanboi page.