Member Info for Atanasoff

Hi SlowlySlowly - Sorry, I meant the debt and cash positions are listed. Not an auditors report.

MarkoOiler - I am glad I bring laughter to your joyless life. Not deramping, the share is still suspended. The comment was mainly directed at anyone that would be stupid enough to invest when/if the share comes out of suspension. It would also apply to those that cannot admit mistakes and decide to try and "average down". I think you took it all rather personally and therefore got carried away with your indignation. Which made me laugh.

Anyone falling for that deserves to lose money.

Looking through the risks is like watching a snuff movie.

Here is why SYME isn’t going to work. Sure, the results are bad but the more you dig the more this thing stinks.

"The low level of revenue reflects the continuing challenges the Group has faced in fully converting inventory funding opportunities into inventory monetisation transactions."

Ergo, they are struggling to sell the product, and it isn’t helped that they are hamstrung by funding. But it gets worse. They laughably had revenue of £129K. This is based on the monetisation of £4.5m. This means they skimmed 2.87% from the deal. Not sure why they even bothered getting out of bed tbh.

So this is where some math is needed. The unaudited pipeline is £87.3m. If they converted ALL of this (imaginary?) pipeline at the same rate you are left with £2,505,510. This would mean that if the AZ is the world’s best sales guy (which he isn't) and costs stayed the same (which they wouldn’t) the company would make a profit before tax, impairments etc of £47,510. A decent sales guy, assuming the ability to get the funding would be about a 30% strike rate. But the deal is based on only 4 prospects. So they MAY get one.

Ergo - the company, even with the most rose-tinted specs is not operationally viable. Lest we forget liabilities now stand at £4,246,000

In other words - the only reason for its existing is opaque and in my view not that ethical.

What’s the point? Because Az wants to keep the grift going.

Scroll down. It’s horrific.

Now 30% - perhaps BURU holders are slowly figuring out they have been had.

Let’s hope no one was stupid enough to lose a load of money in SYME and invest in this turd of a stock. Tbh that would be hilarious .

Charts don't lie Captain. 27% loss in the last 3 months. The only thing to save this will be the update in November. In the meantime it will be a miracle for this to keep a sell price above 2.70p. That is how bad sentiment is.

Week ended badly and all the signs are of the sell price heading lower. At this rate even I may be tempted to buy.

Without positive news this stock is not looking good.

Very funny captain.

Glad you and other LTHs can still have a laugh despite the falling share price. Level 2 isn’t look good.

Timber……

It’s easy - try and catch a falling knife.

Buy 200000 in a stock that is doing nothing just after someone dumps £10k of shares (ouch).

Share price now below 3p and sells at .0385.

Will this go even lower? With no news and a tough market some will be cutting losses.

Dare I ask how much you are down?

I lost #35k on a stock that was being pumped. On the surface it had everything going for it - a strong BoD, a decent product pipeline, exciting sector (cancer) and promising tests. Then the wheels fell off. I had been hooked in by someone who claimed to be a retired teacher who was now trading. He was still pumping the share as he sold out at big profit. The share fell and he disappeared. So now, when I see a dog share I will battle the rampers even though I am not invested. The stock is still going but I dont even look at the price anymore.

This one was a stinker and was clearly dodgy in 22/23 but sometimes we get blinded. If that is you I am truly sorry and hope it hasnt been life changing.

Some people are utter scumbags.

The prophecy has been fulfilled. A sell of just £118 was what did it.

Will it go further? Who knows?

LOL.

Call me cynical but Mick is spot on here.

Although on paper this is a positive day for SYME it doesn’t escape from the fact that it is mainly can kicking.

The only thing that can realistically save SYME is if BURU achieve the Tekne deal and use SYME to deliver a funding solution that is at rates high enough to keep the lights on.

I will give Az one thing - he knows how to game things.

What will be interesting is if the auditors will now sign off last years accounts…..

Yes, looks like the BURU stock holders will be milked again and diluted so much that it all becomes meaningless. Remember that if SYME does get the money we have zero idea how it will be spent. Give you two guesses. We also know that SYME is likely to be folded into BURU which will mean more dilution.

What a mess.

This dog is dead. Running out of money any day now and everyone should know this. Why would anyone want to take on the liability of shareholders? Listing a new business would be cheaper and let’s face facts the brand is toxic.

Amigo was good to me as a shareholder but I’m glad I got out.

Always an excuse. The facts however:

Brick Lane Capital issued a convertible note that provided BURU $125k of cash injection yesterday. This matures next year.

Now, correct me if I’m wrong but $125k is slightly short of the $2m SYME are expecting. I would say it is only enough to keep the lights on but as BURU doesn’t have any premises that is a poor analogy.

At least stock holders can be pleased you made Az a millionaire.

LOL.

Always an excuse for yet another failed prediction. Guess it beats the normal schtick of stating supposition as fact. As this is seemingly allowed perhaps we should all join in?

I hear on good authority that BURU is being delisted on October 29th.

Ive heard on good authority

Steve - this was a cracker:

Posts: 7,307

Price: 0.035

No Opinion

RE: What's the likelihood that Banoco BPM are about to take an equity s...13 Apr 2024 18:21

It wouldn't surprise me if its announced Banoco BPM are taking a 20% equity stake in SYME.

LOL - If only you knew. What a loser.

It’s great thanks. More profitable than SYME and BURU combined. Substantial growth per year despite me turning work away and I only work part time. It’s like people appreciate knowledge and experience. Who knew?

I would ask about your business but you don’t own one do you? You’ve clearly never sat on a board of directors and nor have you ever had any influence. Sucks to be you. No wonder you’re reduced to ramping a dead stock.

Some people are winners. Some are losers. And then right down at the bottom of the barrel is you son.

LOL.

And yet still talks more sense than you, throbber.