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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
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.
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
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.
Opening at 0.0295 to buy even small amounts looking good to easily pop over 3s! IMHO DYOR
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.