Member Info for Bombaysapphire

Reading all this stuff about it being a billion pound company; if its potential is so great whys it half a pence. Genuinely curious. I'm bought in already, I can see risks but to me its a real business with crazy potential if they retain first in advantage and manage the complexity (no mean feat) but it still stands true why half a pence ??????

Must admit i thought the climb was partly due to people realising the legal case was a load of yankee doodle hogwash.

To be fair ITM did well. Didnt see any other hydrogen company get a mention.

Just flicked through it, government is looking at the best use of BECCS. Am i right in thinking that if they choose waste to gas in mid 21 we are laughing and if not vice versa. Long read but many thanks for the link. ITM got a solid mention. Didnt see any other uk hydrogen related companies.

Midsummer. Thanks Substance over form and it stays on the Balance Sheet as stock with the other entries you mentioned. I have been researching and the CEO has explicitly said they do not want businesses to use SYME for window dressing accounts. He said minimum contract term with SYME is 3 years. Despite tonnes and tonmes of research all i can be absolutely sure of is that if the management team pull this off they have my total reapect. The tech is complex, the regulatory environment is complex, the financing is complex but every time i think haha thats where its going to go wrong, they have an answer. I finally understand i think why this is a true disruptor and thats Just in Time supply chains. SYME removes the need for JIT (aside from storage costs). In the right industries this could be revolutionary. Its an unbelievably exciting opportunity but with significant complexity and therefore risk but if they get their ducks lined up we are all going to be having one hell of a party a few years from now.

Thanks Savvy thats a great answer and builds my understanding more but my concern is your final point i.e if the stock remains unsold SYME picks up the stock and sells it to remarketeers. The point being if the original company couldnt sell it then residual value is likely to be very little. How does SYME stop its platform being loaded up with stock that companies can't sell i.e my original question how does SYME do due diligence on stock across many different types of stock which will require expertise to value it. Reminds me of the housing crash i.e get good house mortgage loans (or stock), mix it up with bad mortgage loans (stock with no value) . Securitise it and sell it on to anyone who will buy it to make a fast pound. How does SYME propose doing due diligence on stock across multiple stock lines requiring expertise to vale them ? Hope thats clearer.

Credit Risk. Does anyone know how SYME can do sufficient due diligence across many different stock types to ensure that they don't just get unsellable no value stock dumped on their blockchain ?

I am / was an accountant (not practiced for years though); only other thing I can add is that there used to be and assume there still is a responsibility to report the true nature of the transaction. I think what people are getting excited about is that SYME might be used for window dressing so sell stock at the year end for a lump of cash; inflate the sales figures (debit stock, credit cash and reverse it is the double entry - not rocket science). Buy back after the auditors are gone. Too long out of the game but no way IFRS or auditors would allow the true nature of the transaction to be hidden. Lifting the veil it might be called or I might be muddled up with a good night at a Turkish brothel. Its stuff like that that led to Enron and any number of other collapses. Am I missing something on the accounting ? SYME has got blockchain and hopefully a lead in this form of securitisation but if it works it must be very copyable; putting stock on a blockchain can't be IP ! Actually does SYME have any IP anyones aware of ? Good luck all; still looks like a smart idea but need more information to see why it differentiates from much better funded competition e.g. banks. Managing the credit risk will be mental too, what insurers going to take it on ? Anyone know ?

Thats one of the key questins. Will the accounting standards setters IFRS allow this. I can't see why not.

Appreciated all and I will look up videos Obstando but fjords has nailed it re off Balance Sheet Financing. Do we know how and when we will find out which way the IFRS will adjudicate on this type of loan / income. If its a loan its relevant but a small business; if its income every company known to man will buy into the idea if the price is right.

EQT or PHE, as far as I understand they both do waste to gas. Is it Betamax vs VHS or can they both survive in the market ?

Do agree the potential is phenonemnal though. As soon as I got my head round it all the lights lit up. One other question, why aren't the big banks doing it; if this is a goer there must be loads of competition and then my question would be are they likely to get bought out and is that the Boards aim ? And how will they survive the competition, anyone could do this. The only difference between the old order and this fintech is the fact the inventory is on the blockchain; that has big advantages but the idea fundamentally is as old as man. I'll let you use my sharpened rocks if I can hang on to your collection of animal skins in return for a share of your kill on the hunt, at which point you can have your animal skins back. I think that's what it boils down too ;-)

I am NOT a deramper and all of the above is exciting but I want to know who is insuring against their credit risk, how they know the inventory they are putting on to their blockchain isn't worthless and which audit firm will assure that for shareholders and crucially whether the accounting regulators will permit this to be a source of off balance sheet financing. Anyone know when their "Big 4" link will come back and confirm one way or the other. I don't understand why the RNS says they are looking for a shell bank (or whatever the language was) to provide the insurance; credit risk is the other question here, if the inventory is insured at the value that goes on the blockchain then I just can't see how Syme can lose but can they find an insurer ? Hope that makes sense, polishing off a fine bottle of Sauvignon. :-)

Not to waste peoples time. Bananaman and others posted on this on 9/12 at 23.16. Sounds pretty convincing that its not to be worried about but it would be nice to see the back of it for sure !!!

Thats the risk, that that court case does turn out not to have been speculative and actually has legs; if it does kiss your money goodbye imo. Not deramping, I'm balls deep in this share, but would like to hear something to put my mind at rest more than the it'll be fine posts which do help. Bananaman, despite the name haha, always seems to talk sense, is he on ?

Am i imagining things or is that the same Ted James that said that Eqtec would be issuing an RNS on Thursday too.

??? Am i rich ?

Shows what i know. Slightly embarrassing, well given how uncertain the efficacy of these vaccines is a treatment has to be a runner.

The question we need to know is if TILS is one of the vaccine providers being shorted. Noones taken more than 0.5% of a position according to the websites that give this information but that could leave cumulatively a lot of short bets hidden from view. Anyone know any better ?

Bugger sold half holding at 1p on the expectation that sell limits would be bring it down, as happened with AFC at 40p but breached 1p and carried on up. We will see whether that carries on. One pointer to it not just being sentiment driven is the Financial Times has a company share forecast section. Only one forecaster on there at the moment but they are forecasting EQT at 1.8 PENCE at the end of the year.