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someone in TG suggested it could be loaned shares returning - I’ve no idea tbh but if it is something to do with loaned shares the timing couldn’t be better putting the issue to bed just before launch
:)
It was an off book private transaction. As someone else said a benchmark trade. So basically a transfer.
Anyone know where the loaned shares are at ??
Above my paygrade, I'm afraid.
My 'trading' as such was mostly in plain vanilla LDC debt, 'exotic' geographically maybe...but hardly sophisticated.
My question to Elite was : he commented on the 120m UT trade (shown under advfn system as a buy, which makes sense in view of the bid/offer), but ignored the subsequent 119m reported as a 'sell'.
I 'get' that the bid/offer when a worked deal is eventually reported isn't a reliable guide to whether the trade was a buy or a sell, your 1805 tells me that you think it was a buy (not a sell), I'm curious to know on what basis - the pattern of trades during the day or something more esoteric ?
Ex re BENC P flag.
Surprised you’re not up on this. I was about to ask you for more info on whether you though it was currency exchange or perceived value by M&M`s
https://www.investopedia.com/terms/b/benchmark.asp
P' = Protected Portfolio
A protected portfolio transaction or, if reporting a trade resulting from a worked principal agreement for a portfolio transaction. Like a non-protected portfolio, but the price dealt at can be amended if the market maker manages to make a 'good' profit.
Feed back welcome :-)
Hi Divvyup
I don't know what that means, pls say more....
EX
Sell looks like a bench mark protected buy to me......
I've no idea. What do you make of the late-reported nearly matching sell ?
Ex, Ex ………
Oh Ex.
What do you make of that big buy?
Forget the nonsense you have just written to Peak as no one is interested.
Tell me about the buy, why buy big. Why not wait for 0.05p. Perhaps that buyer knows something.
Let us know won’t you
BORE OFF
OK Dad, whatever you say
Peakhope, Peakhope...
(1) SYME's OO is akin to a Rights Issue, see https://www.investopedia.com/investing/understanding-rights-issues
.."KEY TAKEAWAYS
A rights issue is one way for a cash-strapped company to raise capital often to pay down debt.
Shareholders can buy new shares at a discount for a certain period.
With a rights issue, because more shares are issued to the market, the stock price is diluted and will likely go down..."
AFAIAA, we still don't know what the entitlement ratio will be , but there will certainly be a lot of shares on offer at the lower of 0.05 and 85% of the VWAP. These shares can indeed be taken up by existing shareholders, which has the effect of quenching any appetite they may have to buy more; effect on s/p ? More supply/ less demand...you tell me.
Alternatively, if they're not /not sufficiently interested/willing, Venus will provide a limited backstop/underwriting.."Any Ordinary Shares not taken up by existing shareholders through the Open Offer will be subscribed by Venus Capital in July 2022, as part of its binding commitment to provide up to GBP 7.5m..."
It's not clear (is it ever ?) whether this backstop covers the mandatory element (£ 3.75m) or the optional element as well (another £ 3.75m, total £ 7.5m).
In case (a), the subscription implies (£3.75 - 1.66 = ) £2.09m worth of new shares @ 0.05p = 4.18 billion taken up by Venus (or , more accurately, its investor group; in case (b) it would imply (£7.5 - 1.66 =) £ 5.84m worth of new shares = 11.68 billion taken up (ditto). Either way, more supply/less demand...
Whether shares are taken up by PI's or by Venus or by a mix of the two, it's clear that there will be at least 10% more shares in circulation (4.18 / 40.8 billion) and potentially as much as 28.6% ( 11.68/40.8 billion).
Other things being equal, that would suggest a post-OO s/p of 0.07p and 0.06p, respectively, BEFORE taking account of the warrants offering additional shares @ 0.065p on a 1-for-2 or 1-for-5 basis.
(2) I see that only abt 10 billion votes were cast at the AGM, did AZ say whether he intended to take part in the OO or not ? And, if not, why not ?
(3) I don't see SYME (TFC maybe) as particularly motivated by 'alleviating poverty'....other than perhaps that of some of its directors : the TAG Group took out £ 40m cash (more than the current market cap !) at the time of the RTO...
(4).."they have been proven to be wrong and the misrepresentation that they churn out COULD [my caps] have cost people £1000s in losses as the frighten them into thinking syme will go bust and the only way out is to sell at a loss - dispicable !!.."
You have this quite the wrong way round : you're talking about potential future gains from not buying, I'm looking at current actual losses from having bought...
(5) Finally, you misinterpret my 'ho hum' : it's a shrug of the shoulders; 'oh , well'; 'there you go'; 'it is what it is' or similar.
HTH
Ho hum
Most investors have concerns and acknowledge the required funding necessary to take Syme forward. It’s not uncommon for the development stage of most tech-based companies.
Funding/dilution is not ideal but sometimes a necessity compounded by the time scales endured .
As SYME states the move from developer to service provider is imminent . Yes, I remember the ill-timed “ready to fly” quote but adoption and work through of improved KYC has given the company the ability to announce the long and awaited prospective for proof of delivery.
The BOD (not only AZ) will be accountable. Misinformation on this scale would be a crime especially at a time of seeking to attract increased investment. I’ve got the easy job of currently holding a paper loss.
The SP should improve as SYME moves forward but accept we live in volatile times, so nothing is guaranteed.
I have made my position apparent that I will continue to hold as I believe that there is a need for this innovative approach supply chain finance.
I understand my response is subjective, but like yourself I haven’t got access to the latest accounts or future financial expenditure plan.
Apologies for the delay in my response, sometimes work gets in the way.
ATB
Castle, its very relevant in terms of cash flow! A write down of an investment is not a forward cash flow requirement is it
Castle, the operating loss of 12.2 includes impairment of investment costs , acquistion costs etc, the actual in-going operating losses were 4.4
Castle: Re Liquidity
How quickly do you think SYME can or need to get their hands on cash?
A time scale and reason for expenditure (need) based on the announced objectives set out in the AGM would help clarify the reasoning behind you concern.
ATB
Fair enough, but 3 of the sites are monitored sites and have very strict rules, infact one of the sites
i had a post about a car i used to own removed as it violated my privacy rights by featuring my
private registration linked to someone of a notorious nature who now owned the vehicle after me, the post
was removed within the hour.
Not a ramper or a deramper, just someone making sure your aware of whats happening
outside of this forum, as if it was me i would want to know and would hastily put it right.
In other words i would be grateful for the information, however if you feel i am pushing
a narrative then please feel free to report the posts, your threats wont stop me for
looking out for folk like yourself and making sure there aware of whats being said.
Peak: I admire your positive stance along with your acceptance to be corrected, that shows strength of character, rare on any board. You are aware I can and have been critical of SYME, including not being happy with some of the past finance decisions, but accept liquidity comes at a cost.
IMO
As a LTH I can hack it, but some may be dependent on volitivity/poor investor confidence hence the increase in negativity when news flow threatens.
VENUS Investor/arranger backing has only come about through cast iron guarantees of SYME moving from development mode to a service provider, unlike Negma, or Mercator.
If my view plays out, we may witness a spike. It’s happened before. Sadly, short term this triggers day trading. This affects several factors hence my post re “may trigger the unexpected”. Its all looks positive but also volatile in line with many other investments in today’s markets.
A lot of stock is getting a beating regardless of good results, SYME is not exempt.
Just to note regarding the negativity posted around the pending investment opportunities. When a CEO pens a statement that all investors will be treated the same, that is a mandate for equality.
That’s about as fair as it gets.
IMO END
FACT
I have previously posted some time ago that Q3/4 was most likely for the start for sustainable investor confidence, I stand by my research without prejudice from influencers.
Misinformation is rife, beware, so-called trusted sources are not exempt.
It’s hard to be honest to one’s self when emotions override unbiased thinking. Scrutinise all forms of information whether viewed positive or negative. It may not make me popular to air queries or get the answers I require. I identify genuine replies as polite, firm and unconfrontational.
ATB
Its a simple complaint to the Forum department followed by proof of Defamation and a Twitter post can
be removed 20 minutes after its gone live, its a major slur to be accussed of such a henious crime and
only fuels the fire that the posts have not been removed, ive seen at least 4 social media platforms with the
same information linking to you to the scum who committed the assault on the young child and if this is
a personal grudge against you from individuals i would have this removed immediately.
Of course you would need to prove your not the individual or have not chaanged your name within the last
year or so to make a defamamtary claim else the counter claim would be that they are protecting the
publics interest by naming and shaming.....
Unicorn I work for a living please show evidence of where I have lied - I don’t live on this bb and it’s possible I might have missed you question but if you think I’m dodging a question fire away and ask :)
Castle, any opinions on what folk are accusing you of on other forums and i mean
the crimes committed not whether your a ramper or a deramper, if it was me those
Posts which would be unsubstantiated would have been removed by now.
We all know about the Defamation laws and the protection we as individuals have.
Like you will get any response to a complicated question.
If we are serious about getting onboard with web3 at this early stage of its growth as well as keeping the traditional routes that were always planned then that is a massive win.
Web3 and blockchain is the future I don't care what anyone says.
Castle, nice to see you back! As you are always keen to discuss Syme (and Rosie appears to not have responded) would you care to enlighten us with your thoughts on Divvyups excellent post from yesterday? Especially as this could be a huge parts of Syme's future:
Divvyup
Posts: 370
Price: 0.08
No Opinion
RE: SYME - The “Snowball Effect” is Coming!! Close All Shorts’Wed 14:23
O Rosie We know were good to go for some time yet.
If I may distract you. Any chance of debating the growing trend of asset tokens within supply chains.
An area pretty much under the radar although gathering momentum.
Like many I enjoy following the advancements within the fintech community and good to see SYME is not alone
Example from my research archive.
https://usa.bnpparibas/en/apollo-and-athene-enter-into-strategic-relationship-with-bnp-paribas-to-launch-eliant-inventory-solutions/
Question 1 (stable coin tokens) I’ll start with an easy one….
https://coinmarketcap.com/currencies/vechain/markets/
What are your views with syme work throughs with other platforms utilising stable coin tokens, or even your thoughts of future engagement with Crypto Launchpools.
ATB
Anyone who researched this now would probably realise this is the prime time to get onboard with IM imminent and TF already showing POC.
Yes there is a large OO offer coming which will be oversubscribed that is for certain and yes this has been a painful 18 months with lots of smoke and mirrors. But the problem with people is they always look backwards and money is made looking forwards.
If the upcoming IM in partnership with VeChain is a success as I expect it to be then the current SP will be a distant memory. Not the rockets everyone ramped in the past but hopefully a slow and steady increase as investors see the potential via a working model and come onboard.
Peaky......what you mean is you don't like to answer questions when you are challenged on your posts.
Jonahb..... are you implying I'm not an investor? Just more rubbish from yourself. Looking for hughez now to back your group up with his copy and paste paid posts.
New investors should do their own research and not believe what is written by a certain handful of people.
What exactly is your problem with me? I've asked several times but got no response.....just hate mail