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...unless part of the contract with Mo is that CF doesn't second-guess / contradict his CEO in public interviews...and this off-the-record format is a way for Cathal to get around that....;-<

He IS a bit of a loose cannon, as we know to our cost.

I agree.

Well, to give Winnifroth his due, he's got a reasonably good track record at calling out the wrong' uns - admittedly, some times with a little help from his friends.

I wonder whether CF is hoping to convince any sceptics or - simply by surviving unscathed (with maybe a 'friendly' interview ?)- just to reassure the undecided ?

It's hard to see much obvious upside, with lots of potential downside....which begs the question : why do it ?

Beats me.

Hi guys,

Thanks for this link. The key bit starts abt 1:30 from the end. As I heard it, NASDAQ is longer term, this listing is preparatory, with the hope that it'll increase exposure/awareness and may help in a tie-up with US biotech...

I'm not a big fan / follower of Tom Winnifrith / ************* and don't know his stance on ORPH, but it seems Cathal has signed up for an interview ...

.."It s just 23 days to Sharestock and I bought the big tent for it yesterday!. It will not just be about shares to short. Peter Hambro will talk about gold and how to play it. Chris Bailey will talk about making money from long only value investing in a bear market and 3 CEOs will face a 15 minute grilling from me, including Optibiotix boss Steve O’Hara and Cathal Friel of Open Orphan. But the short sellers presenting are legends...

There is Gabriel Grego of Globo and Akazoo fame, Lucian Miers, perhaps the UK’s best known bear and Boatman Capital the scourge of Bab**** and Argo Blockchain. And myself, looking to discuss a new £800 million fraud expose and much more.

I do not want any speaker holding back. So, there will be no videos and no recordings allowed. All speakers will speak freely. The fraud I am exposing is run by two criminals and I will name them and call them out as crooks. I expect every speaker to be as bold.

Some of the companies covered will be names you know. In his session, Lucian will be explaining why Victoria (market cap £452 million) is a zero. Boatman Capital and I will discuss why Argo Blockchain’s shares have cratered since he first issued a damning report but why, the current £226 million market cap is likely to collapse. So old names but new material, new reasons to go short...."

I hope Cathal knows what he's doing ...

.."An appetite from PI to buy over 10% of the company but was over subscribed, these Excess shares will now need to be bought in open market!.."

This completely ignores that the oversubscription was for CHEAP shares, that folk wanted to bring their average price down.
I doubt many will be keen to buy at full whack (or they could have done so at any time).

The problem with getting the basics so wrong is that you destroy any credibility you might otherwise have....

Jus' sayin, like.....

.."Web3 - Decentralized Business, Distributed Token Economies
Phase one of the collaboration is already underway, with initial results DUE BY END JULY 2022 [my caps] The GOAL is to develop a PROOF-OF-CONCEPT platform able to generate and deliver a blockchain transaction to an Italian company from SYME’s client portfolio via the VeChainThor public blockchain...."

I hope you parse words more carefully in Court.
ATB

Divvyup, pls clarify : I said 'not a lot has changed'. Are you suggesting that SYME has announced a hiring freeze ?
TIA

Hi Ben,

Certainly presents the 'bull' case well.

Question : What , though , has changed since you wrote thusly 7 months ago (9 Jan 2022) ?

Posted in: SYME
Posts: 388
Price: 0.155
Strong Buy

"........I GOT IT WRONG

09 Jan 2022 16:30
I thought that December was going to be the month that AZ silenced the doubters. As per RNS funders are in the final stages of signing, so I now believe that it will be this month.

Every cloud though, it has enabled me to buy a load more!

One question i keep wondering is, these tranches... How are these determined. By amount of clients? By monetary amount? By a set date? Or just when the funder(s) say that'll do donkey... That'll do. I have asked SYME but not had any reply... hmm...

With SACE extension now in place, also... will this cause another "delay" (which, let's face it is really just an excuse for funder/s to consolidate further whilst more clients sign up) or do we really need to see the business kick off now? AZ laughed in ProActive interview at the prospect of no IM before end of year. We've since had Omicron so I'm happy to give a bit of grace myself. I do feel now though, that we need to start generating turnover otherwise I'm struggling to see where these CLNS and the dilution will end.

I have faith in the team though, we have made more great hires recently. Wouldn't be hiring if there was no job for them to do now would we ;-)..."

Answer : Not a lot has changed, it would seem. Except the shareprice, down 20% since then.

Ho hum.

.."EXITING time ahead for shareholders. GLA LTH!!..."

Freudian slip there, pal.

Hi Landy7,

You ask - as others have done in the past - re my motivation in researching and posting.

I'm a retired mainstream banker, SYME has given me an opportunity to learn about other (and newer) finance sectors, as a kind of 'case study'.
Remember the Army motto : 'time spent in reconnaissance is seldom wasted' - thanks to SYME I've delved into areas of the financial system that I had no idea about, it's 'the gift that keeps on giving'.
It's also interesting to see how people react differently to 'news' .
Latest example : everyone's got excited about the first Institutional Investor, nobody seems to have actually kicked the tyres or looked under the bonnet.

Does no-one find it comment-worthy that when you go to the 'meet the team ' page hxxps://www.omni.co.uk/our-company/meet-the-team/ instead of the usual boring faces and CVs, you get pictures of a bicycle, a barn, a flight of stairs, some outside steps and a skier trudging up a slope.....

Don't you find that a bit odd ? Never mind all the other stuff that a quick search at Companies House appears to have thrown up.

ATB

...to get a bit surreal, IMO.

LastOne Out posted this elsewhere :

.".Here’s some info on The Hartford Growth Fund Limited https://aum13f.com/fund/the-hartford-growth-fund-limited

I’m assuming that the header in the “Fund AUM and Sold” table is missing an M - ie should be ($M) unless they really had just $110 in it. Anyway point is the AUM started late 2010 and went to 0 by early 2013.
Now tap on the link to Tiresias Capital Ltd and take a look at their AUM. And you get this
https://aum13f.com/firm/tiresias-capital-limited
Hard to tell exactly but lets say their AUM was initially recorded early 2012 at a not too shabby $1.1bn. It drained away to 0 by late 2012.
Also note that a company called OMNI Global Fund Ltd and OMNI Global Fund LP get a mention in the funds table. Along with Hartford of course. Surely not related to the OMNI PARTNERS LLP in the TR1? I don’t know.
Anyway apparently the Hartford and Tiresias funds had 0 AUM by early 2013..."

I couldn't verify his sources, so I dug around a bit at Companies House and Omni's UK website.

Omni Partners LLP https://find-and-update.company-information.service.gov.uk/company/OC309760/filing-history, Dec 2021 accounts record a profit of £ 1.25m, principal activity : 'provision of investment advisory services'.

Their activities per www.omni.co.uk consist of (1) a secured property lending business and (2) the Hartford Growth Strategy..."a truly unconstrained and opportunistic investment approach, investing across multiple jurisdictions, diverse asset classes and varied liquidity profiles..."

Omni refers to 1 x exited business /investment, Normedica, it says

.."Normedica is a medical supplier based in Newcastle upon Tyne.
The company is led by a management team with substantial experience in the healthcare industry and a strong network across the supply chain.
With a need to ramp up its business due to Covid, Normedica quickly agreed a growth investment with Omni that enabled the company to triple in size through 2020...."

However, per Companies House Normedica Limited https://find-and-update.company-information.service.gov.uk/company/06987499 shows shareholder funds of £ 11.6K at FYE Dec 2018, £4 (and that's £4.00) @ extended FYE Apr 2020 and same (dormant co) at FYE April 2021.

Meanwhile, Hartford Growth Fund Limited (previously Hartford Growth Trading (UK) Limited) reports one investment - in Peak Reserve Power OC 411541, which had -£45.8K in shareholder funds per 2021 micro accounts ..up from - £ 31K in 2020.

A confusingly named sister co Hartford Growth (Trading) Limited had an investment in Hub Cambridge LLP OC 387223 that went into insolvent liquidation started 2017.

In the circumstances, it may not surprise that when you go to the 'meet the team ' page hxxps://www.omni.co.uk/our-company/meet-the-team/
instead of the usual boring faces and CVs, you get pictures of a bicycle, a barn, a flight of stairs, some outside steps and a skier trudging up a slope.....

All this is starting

.."these guys are only here to disrupt genuine conversation and attack the company..."

Your own posts are monologues, seldom updated and a poor advert for anyone interested in the company, IMO.

.."“Venus Capital is a Luxembourg investment company with a long-term strategy focussed on investments in diversified sectors, including the fintech industry.”.."

Per https://www.northdata.com/Venus+Capital+SA,+Luxembourg/B244639, Venus was only set up in Jun 2020 and has a capital of Euro 31 K.
It hasn't had much time to see whether its 'long-term' strategy is working.....and not much of a capital buffer if it doesn't.

Just another point of view.

ATB

.."The share is in Cantango [sic] to use an oil trading term..."

Some mishtake, shurely, Elite ?

From Supermoney.com :

..Understanding contango
Contango occurs when the current futures price is above the expected future spot price. In other words, futures with distant maturities trade at a premium to the spot price.
[Don't think SYME has a 'futures price'....what do you mean ? ]
In any event...

....Typically, we expect the future price and spot price to converge, or meet when contracts mature. In a contango market, we expect the futures price to FALL (my caps) over time to meet the expected future spot price.

A futures contract in contango will gradually FALL (ditto) over time as the contract approaches its maturity date. As such, TRADERS WITH SHORT POSITIONS (ditto) generally find contango favorable......

You're not helping the cause, IMO.

Ah ! Thanks to you both, then.
Cheers

Hi thedean5,

Grateful if you'd share what links this 38 page doc to ORPH and/or POLB.....

TIA

You're not expected to have the answers...but you as a shareholder (who might reasonably want to know the answers) and being in contact with management might (equally reasonably) seek to have them provide answers....

Again, a simple ask : if not, why not ? Ultimately, you're a part-owner of the business, management owe you that courtesy.

I don't know about the board, but I'm quite calm.

You've introduced , 'as a change of subject', "Devonshire Warwick Capital LLP mandated to raise assets for TradeFlow Capital's Inventory Financing Funds.."

I've simply questioned (a) what has happened since their mandate , awarded 4 months ago, on 16 March 2022; and (b) their capacity to do anything meaningful, given their (unaudited) members' capital of £ 28,538 as at Feb 2022.

Do you think these questions are unreasonable, in any way ? If so, please say why ?

TIA

PS. The 21:40 post reporting this development is dated March 16 2022.

The only RNS nearby is this one https://uk.advfn.com/stock-market/london/supply-me-capital-SYME/share-news/Supply-
that refers to Tradeflow's existing senior note being ..."listed on leading Swiss Wealth Management investment platform [Conduit Securities].."
Per https://www.datanyze.com/companies/conduit-securities/403398452 , "Conduit Securities was founded in 2015 in Singapore on the premise of providing institutional levels of service and transparent access to liquidity and market pricing..."

Seriously ?