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When an institution isn't currently holding the shares that it is contracted to return to the lender, they have to buy them back= SHORT SQUEEZE....
Won't be no short squeeze here.
Companies will put buy orders in and price will be dropped to fill them as we have seen on this share many times.
If they don't need the funds. Why are they looking at other options for funding? As stated already in RNS
Trev have you considered that they might not need TAG to fund as AZ knows what revenue is now coming into SYME? Folk are focusing on the wrong thing here with regards to TAG, they need to remind themselves that TAG are wanting their vast amounts of 778,571,429 SYME stock returned and be allowed to settle with lender SLS - so where are they and how will lenders get them back to return to TAG if forced by court to do so (US Court case live) ?? There is also the HWCP 1,615,253,000 SYME shares to be returned. Where are they? Combine this debacle with IM X multiple completions on horizon and you have the open market short squeeze of the century! IMHO DYOR
Supply me to the moon:)))))))))
TrevorBrooking, simply because he is due far too much to DW and FPG which still has the charge in place (until 29/06/24).
Nuburu was an interesting “investment”. Think folk need to dig a little deeper as there is an amount there which coincidentally matches what DW announced via the 8CP in their half year report.
At the end of June 2024, the Company is due to be repaid more than £30 million pounds, when the 1AF2 Bond matures, of which £29.6 million was covered by a security package at year end. The Group's funding requirements (costs plus current creditors, offset by fees to be earned) excluding net interest income are not expected to exceed £1 million in the next 12 months. Any material capex during the next 12 months will be funded by fresh capital and the Company has always had good support from its main shareholder.
Sharebel, I've often been at loggerheads with the analyser's points of view, but in case I believe he has a valid point, if TAG have cash available, why haven't they been passing over the agreed funding to Syme when they are clearly struggling with cash flow?
Right now if you want a decent amount will be paying 0.0313 I think MM will let this go soon. I have personally reported the manipulation here to FCA - they can join the dots with the various parties and entities involved over a long period of time including even on here. This needs to end. The company share price has been battered by disinformation and disingenuous detractors with their own agendas. Shaking up the global trade finance market to propel into doing things with modernity using blockchain fintech and to build a future proof platform has gone against the ‘old skool’ methodology - SYME has their platform which now disrupts and challenges how trade finance is done. They have totally bettered the entire way of doing things to the benefit of trade customers. I am sure there are many established trade financiers who are not happy with what SYME are doing and what they have built and achieved. It cannot be replicated overnight if at all. So let us see real, true value here with Supply@me and not the manipulated shorted disparity and disconnect in the SP to what we have. Finally IM’s coming down the track. Some people don’t like it? Tough! IMHO DYOR
Personally, I like to try and keep an open mind. I’ll read the positive comments along with the negative and try to take what I can from all. What ruins things for me is the scaremongering posts just repeating and reminding us of what we all know - and more irritating are the rampers who are like Sky Sports pre event promoters just spouting nonsense that’s not yet qualified as fact. All good entertainment though.
What about the money raised from RTOP listing 😉
Nothing wrong with negative posts at all , just be nice to hear something new that’s not been said a 1000 times before - negative posts bring balance to the board which I’m all for - I am a positive poster myself but I am very aware of all the negatives - we have had positive news recently worthy of discussion but some still insist on chatting about old news - hopefully AZ will deliver WL and Neo banking group and some of the more negative posters might start to see a viable revenue generating business 🤞🙏
ANALyser only pops up to say disingenuous disinformation TAG have plenty of money. They are currently taking SLS to court in US advanced stages precisely because they DO have £££ and want to settle the loan and get their SYME stock collateral returned! Where is it and what has SLS done with it??
https://www.pacermonitor.com/public/case/52439988/Avantgarde_Group_SPA_v_Stock_Loan_Solutions,_LLC_et_al
SYME are about to begin raking in the big revenues with one IM after the other and with news of completion on many fronts and with this any reliance on TAG dissipates. It has taken time but to build such a complicated platform inc accountancy and law measures. They have unique IP to totally disrupt the global trade finance market with their first mover advantage and owned IP will be worth the wait along with many experienced collaborator’s inc token. Yes LTH have had it rough but right now in 2024 we all need to leave the past behind and focus on the future and the next few weeks as it finally takes off!
Close your short ANALyser and stop trying to spin things. This is SYME not TAG - the connection is that when SLS forced to return (778,571,429 SYME shares then finding them or getting them returned from a short will see the short squeeze of the century here. We haven’t even covered where HWCP 1,615,253,000 SYME shares are in same situation! ANALyser time to close your position and go far away! IMHO DYOR
Would suggest anyone new looking in reads this https://www.supplymecapital.com/wp-content/uploads/2024/05/SYME-Annual-Report-2023.pdf
As a length I just want them to deliver something that has meaningful revenues. No point in having rose tinted specs on.
So much has been promised and not seen through so you can understand why people are negative and sceptical plus the fact many are thousands and thousands of pounds down that would effect anyone mentally.
Non delivered promises, Storm Harbour, Captive Bank, Fintech Bank, Lenovo, Sharia, Carrefour, Tony Brown and the US, Uk IM etc
We are now pinning our hopes on White Label £10mill IM with BPM, a token and a $135million IM or more dilutive funding to see us through the next 12 months.
I take everything Az says with a large bag of salt. On the positive side Albert seems upbeat and he was very conservative at the last Agm. Buying down here could see great gains if they get the WL in, but its high risk, because if they don't get funding soon we could be going to zero. I hope for all the loyal lenghts it comes off and we really do finally fly.
Sharebel
SYME are reliant on TAG for cash which it isn’t paying on time. In the SYME RNS it’s stated that TAG has experienced delays in getting finance.
I think that and fact SYME and RTOP haven’t been paid on their working capital loans from TAG supports my view that TAG is strapped for cash.
Posters who resort to abusive responses simply can’t rebut my point.
Opening at 0.0295 to buy even small amounts looking good to easily pop over 3s! IMHO DYOR
If it weren't for the all the straw clutch and people trying to spin anything as a positive I'd probably be a lot less negative, a lot less inclined to point out previous failures to deliver.
A couple of week ago we had 2g2d saying we "could" get a line of credit with bpm. That turned into a "highly likely" very quickly and the next thing you know somebody is stating it as a fact in a discussion about finances and then stating they've averaged down massively off the back of that idea. Like Chinese whispers.
Then we've got others like Hughes writing things on other platforms and posting it here as if some expert has written it and never admits to been the author.
Then you've got the excuse makers who don't want to acknowledge the past and tell you to forget it.
Despite hailing previous initiatives as the thing that's going to prove "detractors" wrong, they still do it every time instead of waiting to see it happen.
At the end of the day, there's a small group of genuinely balanced people on here and they're surrounded by people who want to spin every tiny thing in one direction or another.
But I do know this, if you dismiss people's opinions and feelings , it's human nature to want to be heard and acknowledged.
General gist of my post is, if there weren't so many spin doctor bs merchants there'd be a lot less people complaining and highlighting past discrepancies
Lest hope it's the right one this time!
To be fair I think a lot of the negativity is just genuine investors venting their frustration at the way AZ has gone about his business. One only has to look at the arguments/discussion yesterday around loaned shares and court proceedings etc to see how that frustration might come about.
I think that the WL deal with Banco BPM could lead to greater things but I suspect for now at least we are still at the "suck it and see" stage , hence the relatively small sum for first transaction, and BBPM are just sticking their toes in the water when what we would all like to see is them diving right in up to their ear'oles!
I find the overly positive posters every bit as irksome as the overly negative ones , a mixture of objectivity and perspective with splash of healthy cynicism mixed in works for me...
A T B 🤞🍀
Busy on here today 😂 must mean we are ready to push on with WL - can’t come soon enough , I wonder what the next line of attack will be from those who only see the negatives
Sharebel, AZ tells lies.
Refer to (*) The percentage stated does not include the 17,99% of SYME shares related to the collateral transferred in accordance with the three stock-lending transactions announced by 1AF2 S.r.l. on 29 July 2020. At the end of this stock-lending transaction or on the repayment date (in July 2022), the collateral will be returned to the AvantGarde Group in shares or cash (this option has been negotiated in order to avoid any take over risk), at the choice of the borrower.
Quite frankly this was another 29th July pump purely on the basis of the above statement to con PI out of more of our hard earned cash.
Now he’s taking SLS to court for fraud. Why has AZ let it go for so long ? Oh it suits his game plan to lower the SP for a lower exit fee for the 1AF2 charge (due to DW) which has another 8.3 billion shares held as security until the dues are paid to DW.
Jeezo, the little man has lied through his teeth on interview, RNSs and via PMs and calls to mug punters which to me, for a supposed CEO and regulatory expert, whose conduct and statements clearly could also be proven to be criminal.
Once this BancoBPM Transaction RNS lands I would imagine Supply@ME Capital plc’s share price will start rebounding much higher to where it should be!
- BBPM is the third largest financial services group in Italy, with over €100bn in loans and advances to their customers.
- BBPM has a strong presence in the northern regions of Italy, which have a high industrial concentration in Europe.
- The achievement of the commitment for the WL Transaction is a significant milestone for SYME.
- The collaboration involved BBPM, the WL Client Company, external legal specialists, and two Big Four accounting firms.
- The WL Transaction involves the deployment of the first White-Label IM.
- The WL Client Company is a leading producer of Italian cheeses within the Agrifood supply chain.
- The WL Transaction will be funded by the dedicated Stock Company, with €8.5 million in bank debt from BBPM and €1.5 million in equity investment from the CH Trading Hub.
- Specific remarketers have been identified to sell the inventory (up to €10 million) in certain circumstances.
- The WL Client Company has committed to becoming a remarketer for a potential client in SYME's pipeline.
- The working group is now focused on delivering the WL Transaction through the execution of definitive contractual agreements.
From LinkedIn…a nice little reminder…
Supply@me Capital's white label agreement with Banco BPM brings several benefits. Firstly, it allows Supply@me Capital to leverage Banco BPM's established presence and network in the banking sector. This partnership provides credibility and access to a wide range of potential clients.
Secondly, the white label agreement enables Supply@me Capital to offer debt-free inventory monetization to its clients. This means that businesses can unlock the value of their inventory without taking on additional debt. By using blockchain and Fintech technology, Supply@me Capital streamlines the inventory monetization process, making it faster, more efficient, and transparent.
The partnership with Banco BPM can be seen as a starting marker for the share price because it demonstrates the recognition and validation of Supply@me Capital's business model by a reputable banking institution. As other banks take note of this collaboration, they may be more inclined to explore similar partnerships or adopt this innovative approach to offer inventory monetization services to their own clients.
Overall, the white label agreement with Banco BPM positions Supply@me Capital as a leader in the field of debt-free inventory monetization using blockchain and Fintech technology. It opens up new opportunities for growth, establishes credibility, and potentially paves the way for collaborations with other banks in the future.
ANALyser TAG are not SYME. TAG are currently taking SLS to court in UTAH precisely because they have the money to pay the loan at maturity but SLS won’t return the collateral stock all 778,571,429 of it! The court case is in advance stages with TAG going for jugulars bypassing arbitration! . See here:-https://www.pacermonitor.com/public/case/52439988/Avantgarde_Group_SPA_v_Stock_Loan_Solutions,_LLC_et_al
From 22/3/24 RNS
‘High West Capital Partners LLC (1,615,253,000 SYME shares transferred): 2 June 2023 (the "HWCP Loan");
· Stock Loan Solutions LLC (778,571,429 SYME shares transferred): 24 July 2023 (the "SLS Loan"); and
· Union Pacific Capital Ltd (3,500,000,000 SYME shares transferred): 9 June 2027.
With regards to the HWCP Loan and the SLS Loan, TAG has updated the Company that it has applied the loan repayment procedures set out in the contracts with the respective Lenders. TAG has also informed the Company that it has not yet received the required engagement from the Lenders of the HWCP Loan or the SLS Loan. As a result TAG is currently pursuing legal options to allow for the required loan repayments to be made by them and for the SYME shares that were transferred as loan security for the HWCP Loan and the SLS Loan to be transferred back to TAG. ‘
Such is their commitment to get back their own shares from SLS it is bypassing arbitration and going to elect judgement so where exactly are TAG’s stock what has SLS done with them and key question WHY will they not return them and allow TAG to settle the loan? That is the key focus here? So when judgment comes in to return the collateral 778,571,429 SYME shares to TAG? TAG have the money and also want to pay the HWCP loan and get back their1,615,253,000 collateral SYME shares.
YOU only ever appear when the SP begins to rally. Who even are you? TW? TW stooge? What is your role exactly here? You have posted utter nonsense for years. Now you have posted misleading nonsense on TAG which is not the true situation.
I would remind you that SYME lining up IM after IM income streams means any relationship with TAG is coming to an end any way however the need for the collateral stock to tbe returned from both SLS and HWCP could indeed see the short squeeze of the century here! Deal worh it ANALyser! IMHO DYOR
In fairness to Analyzer and hypothetically speaking if TAG was successful in purchasing the shares back at a price many multiples of the current SP. Then why on earth has AZ welched on his funding commitments to SYME and RTOP?
If TAG are able to redeem the shares then it begs the questions why it allowed SYMEs cash balance to fall to a a mere £5k and the end of December.
Anyone would think AZ is not serious about the businesses and has ulterior motives not aligned with rewarding retail share holders.
How will TAG repay the cash on stock loans when it can’t even fund TAG and RTOP cash requests and says it needs to refinance to do that and has had delays in doing so? Also why TAG pay the effectively much higher share price to buy back the stock lent out when it could get a lot more shares by supporting next fund raise at current price?
AZ is playing people just when he converted loan of £800,000 into SYME shares at way over extant share price.
TAG has to theoretically find €72 million by end of June or DW can basically get ownership of TAG through enforcing his guarantee. I suspect DW will extend the loan but at what price?
Interesting few months coming up