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The inference here is that the Captive Bank strategy is taking too long for the clients. This is a shortcut to first monetisation. Yeah it’s a bit vague but we’ll know quickly if this is hot air or not.
Think the SP will so well today.
What results? Do you think they have been keeping contracts a secret? er...no.
@hallowed - I think we are both right here. I know the breakdown of the numbers will give insight, but that's where I think they will be perceived as bad news because of lack of real onboarded clients. The forward looking statements will also resemble previous statements ' Monetisation soon' ' partners to be named' 'Jam tomorrow' type thing. As a LTH i would be happy with that and know that they will be delivered at some point, but reality is there will likely be a reflex dip, unless its paired with solid actual news.
I still have no worries about this share. Am not in a hurry. Some are though.
Cheers Peak. The business model is sound and there are good people driving it. Start ups always take longer than they think to get going. AZ is an optimist which is a great talent when motivating teams, but can be frustrating for shareholders.
All this points to a solid performance in the long-term but doesn't make them immune from criticism over specific failings.
Actually I think the 6 month numbers will be poor. AZ has pretty much stated that he is trying to pair the release of the numbers with some positive news re funders, which can only mean they are not up to expectation. The numbers could have been published previously but have not been and its unlikely to be due to the fact they are good.
I think he has been forced to be honest about the sales pipeline and defining what exactly a 'client' is. (i.e. only those who pay the fee, not those who said they might be interested). This will show in the latest figures and it will be a difficult conversation for some...unless of course its paired with solid good news.(First monetisation, new funders etc.)
Before y'all jump down my throat I am a LTH and a fan of this share, but do feel this board needs a bit of honesty now and again.
Although Greensill is not the best example of Risk Management on your CV, it demonstrates the scale and ambition of SYME and is just the latest in a series of VERY strategic hires.
all coming together folks.
There was no such RNS
I repeatedly warned people on this board to look at the fundamentals instead of the myths around Government work. I was met with hostility and derision, yet here we are.
This BOD is unable to deliver, the company has no proposition or strategy and no real sales. End of story.
Kk. I’ll give you some good fair advice to help but you have to follow it.
You bought in at 0.2p. The share is suspended because they bought a company that is bigger than them, but the FIRST day it relists, each share you bought is POSSIBLY going to be for sale at 1.2p. That is 6x whatever you invested. Sell at that moment. Day 1. 8:01.
You can risk hanging on to them. and each could be 6p by December 2021 and that would mean you made 30x what you invested.
Or not. The whole thing could collapse for unexplained reasons. Bottom line is that you got lucky by buying in. Sell on day 1 and then learn a bit more about how it works. Investing successfully is a great skill to have but you need more than luck to hang on to your money.
Wish you all the best but maybe best to read up before investing again.
@busymum - The simple explanation is that all money is simply a promise to pay the person that holds it. Whether thats paper money, debt or digital currency. In a sense no money really exists...but lets not get into that haha.
So with Bitcoin as long as there is a promise that it is worth something, then it can be traded. Bitcoins ledger system ensures the promises are legit.
Just before y'all reach for the pitchforks, auditing has slowed down hugely during Covid and I imagine it will have been put on hold when company was being purchased, due to uncertainty. Just need a little patience.