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It doesn't matter and we'll maybe never know. As a SYME shareholder the only concern is the size of the monetisation.
SYME doesn't need the marketing....
Seems like SYME have a PR push at the moment and this will be leading up to Trading statement on 31st. Before this, they will need some news to post. Todays RNS was one and I guess naming the Funder will be early next week, building momentum and wrapping news coverage around that.
I think its exactly what they have said it is.
In US they began the conversation with clients over there about monetising stock that was in transit. They have realised their platform wasnt geared towards it and instead of developing it themselves, they have bought one that already exists.
As well as helping secure business in the US, this transit approach could be the glue that links all the regions and the supply chain process from beginning to end.
Its a really shrewd move.
Just to clarify above AZ is excited to see effect on the SP of the trading update.
This is going to be it...GLA
Highlights
Suspension was opportunity for FCA to review SYME model and they gave it green light. It was not an investigation just a checklist of compliance tasks.
Global rollout - details coming in trading update but all countries now operating and accelerating hire of new staff - mainly analysts. USA ops focusing on ‘in transit inventory’.
Milestones - ‘Thrilled to explain all the milestones in Trading update’ (I think SH is done guys! - ‘Thrilled’) Trading update will also include Captive bank, UK update and Shariah platform update.
Post Covid - Change in market will benefit SYME. Had meeting with Big 4 today and SYME have been asked to monetise stock of major fashion brand’s previous season stock.
Excited to see impact of this on the share price.
Lowlights
Zak hasn’t really understood SYME model and AZ still not explaining it clearly enough.
its here:
https://www.share-talk.com/alessandro-zamboni-ceo-of-supply-me-capital-syme-l-exclusive-interview/
Expected shortly
https://twitter.com/sharetalknews/status/1372094950356189184?s=21
Its bad news if Calamari is on this board. Remarkable coincidence of calamari appearing and then Tom Winnifrith writing ludicrous articles deramping the stock. Expect more unresearched drivel coming in the next few days from him and his other accounts. Might be best to avoid this place altogether now he is taking an interest. You have been warned
One of the issues might be the FCA. SYME self-suspended, submitted their updated accounts a few days later and then applied to the FCA to be relisted. Took a further 6 weeks and there was very little they could do.
Granted this was at a busy time, however we are coming up for new tax year so imagine FCA is still busy.
Might be an idea to prep yourselves for a long April.
A clear indication that the US business has moved on from chats with potential customers, to something more solid.
Lots of excitement around here today which is great, however I have a nagging feeling relating to AM's previous disregard for PI's. What's to say the new prospectus won't involve tempering any rise we may have had by devaluing our shares - more dilution, warrants, placings etc. He's done it many many times before. Why is now different. Really want to hear different views on this. Am I being too cynical?
Just to point out AM would likely need to have a controlling interest in Atomic before being able to arrange purchase of CNOOC assets. ie deal needs to close first before addressing that.
I still expect a decent rise today based on the Wording of today’s RNS.
Amazing that you need a quick return but did no research before investing. Not a successful long term approach
That said it should reach between 0.7 and 1p this coming week if Atomic deal is done. Should hear on Monday or Tuesday.
Beyond that it’s 1.8p during April and another 1p on top of Nigeria deal comes through.
None of that will mean anything if you haven’t a clue what you’re invested in though.
Calamari, Maybe if you improved the quality of your content and writing, you might get there. Lies and click bait isn’t going to do it tom
We backed a winner here lads
AZ is hinting at 375 client companies. Also making it clear that we will get a securitisation pdate at end of Month. Would make sense that companies begin this transaction at beginning of new tax year.
On top of that we have Shariah funder to be named in the trading update - a major european bank
This is great great news. Get ready...
Just trying to get it straight in my head, what news was due by the end of this month. Think it's:
Captive Bank in place and Funder Named
First securitisations done (Some by SH, some potentially by Captive Bank)
US Office established - potential Freight industry partner/client
UK Office established and some clients doing Due Diligence
UAE clients on board - potential governmental/property tie up
Legal action against failed ex traders turned bloggers (we can but hope..haha)
Anything else?
Do people here really think Art will stop doing this dilution and placing post-Atomic? Of course not. Any time the SP will rise, PIs will get rinsed. No chance of significant gains in the long run with Art running the show.
I pulled out of this share in January because of this habit of dipping into our pockets when the going was good. Was talked into coming back and yet here it’s happening again. No point in the company doing well if it’s always at the same SP and only Art is getting paid.
My guess is Atomic want more money.