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Im with you Crizmo. It's 2 tiny contracts after what 9 months? They are not even exploiting the 'Immunity passport' aspect and just simply feeding the results straight into PHE.
It's not that the idea isn't sound its just this company are not getting any significant sales of an immunity passport system during a global pandemic. They would struggle to shoot fish in a barrel.
This isn't 'Huge news' its an admission of what kind of company this is - small fry.
Yeah API’s are just well documented ‘bridges’ between systems. Allowing you to hook up any system with any other system with some minor programming.
Most modern online platforms spend a lot on developing deplorable API’s so that their systems are taken up by the major players.
Saw this video on Twitter with a SYME hashtag and thought I'd post it here. It's a really good summary of what it really takes for a company to be a '100 Bagger'.
https://youtu.be/cvSeEVuhmwY
It gave me a lot of confidence that I have done the right thing here. Got in early, Company is still strong with a good mgmt team, and most importantly I HAVE NOT SOLD!
Worth a watch if you are on the hunt for a mythical 100 bagger.
have a great Monday y'all.
They had income prior to end of sept so it will still show investors the numbers of a proven, working idea. On top of that they have laid out plans to scale up those numbers for coming financial year. I would think they would accompany the report RNS with some kind of SH news but it’s not a blocker.
Still no confirmed sales though?
It's possible. CGT exempt ISA's only allow you to invest £20K. It would mean someone who wanted to bet/invest/gamble significantly more but remain exempt from CGT (and remain anonymous) would use a spreadbetting service to do so. Maybe someone knows more than we do.
Spread betting gains are exempt from CGT.
Might explain the regular ramping, based on anonymous twitter rumours presented as fact. Its good for the spread bettors.
Startups usually do have a messy structure in the early days due to the need for taking funding from anywhere. Good to see SYME clear the decks as the revenue kicks in and bigger investors loom.
Am very comfortable with it all so far.
It's a very informative interview and great how he expanded on his thinking around monetizing the whole supply chain. His example of PPE where 'just in time' was inverted should get every one very excited indeed. In the UK, Brexit is destroying 'just in time' supply chains' so I can imagine some big players queuing up for this.