Member Info for extrader

Hi calamari,

Got it, thanks .
Still have to get existing banker(s) (1) to waive the customary fixed and floating charge (2) to allow SYME /StockCo in (3) so that the company can pay down their current expensive/profitable (depending on pov) overdraft.
Company to current bank : 'I' d like you to release security , please, so I can do something that will make my account less profitable for you "
Not impossible, if you're a strong credit with alternatives, but difficult.

SYME shouldn't be going after unsophisticated SME's where this won't , usually, be the case ...but bigger co's , like Caterpillar (which I've previously mentioned).
On-board one of those successfully and you're away....

ATB

Hi Gotham,

.." you are questioning Az who is an expert of regulation and his board..."

(1) He /the BoD didn't seem to be aware of accounting treatment pre and post IPO...
(2) He seemed surprised by his potential investors' 'first security loss' requirement...
(3) He didn't seem to be aware that he was initially on both side of his call option...and clearly didn't consult anyone (as he should have) who would (one hopes) have picked it up...
(4) His BoD doesn't seem to have reined in some of his 'enthusastic ' posts;
(5) The Chairman of his BoD did a curious short-lived purchase/forced sale...
(6) Hi BoD consists of himself, his non-exec Chairman and 2 x NEDs.

Why not show the successful pilots (2017 /2018), with - if public companies - their auditors' endorsements of the 'true sale structure' ? Or, indeed , the current opinions SYME holds for StockCo on this 'aggressive accounting treatment' ?
What, for example, are they saying/showing to prospective companies ?

This stuff must all be in the public domain - 'trust me' doesn't really cut it.

IMO

Hi calamari,

"..They might not record the sale in the accounts ..."

Huh ? How can it be a 'true sale' for accounting purposes if they don't put it through the books ?
And what about the tax refund further down the line, if they haven't sold in the first place ...?

Savvy6 has some contacts in HMRC (fraud, IIRC), maybe he could get a 'semi-official' view ( on a 'no names, no pack drill' basis) ?

ATB

Hi Micky1,

...and yet sharing what you 'know' would reassure nervous PI's and ENCOURAGE them to hold onto their shares, no ?

Not sure you've thought this one through....

IMO

Hi all,

For people put off by CF's 'Irish blarney', I doubt it'll do ORPH any harm if/when it comes to discussions about the (currently unutilised, looking for business) St Louis facility at hxxps://www.healthleadersmedia.com/clinical-care/ssm-health-opening-new-hospital-despite-coronavirus-pandemic-obstacles.

https://en.wikipedia.org/wiki/SSM_Health

SSM Health is a Catholic, not-for-profit United States health care system with 11,000 providers and nearly 39,000 employees in four states, including Wisconsin, Oklahoma, Illinois, and Missouri.
SSM Health is sponsored by the Franciscan Sisters of Mary and is one of the largest Catholic hospital systems in the United States.

And - politics aside - if Irish Catholic Biden gets in, the wind blows even fairer....

IMO
ATB

Hi Cardan,

Me again, on the mental health side of things.

By coincidence, someone's just posted this on another board.
https://medium.com/@NataliMorad/how-to-communicate-better-with-transactional-analysis-d0d32f9d50da

There's a lot of raw material on display here !
IMO

ATB

Hi Cardan,

We may have different takes on SYME, but I totally agree your view on the physical and mental benefits of a good run : I was 22 weeks into a 30 week programme to do a charity marathon (Alzheimers, Edinburgh, last May), when the 'bug' arrived.
Still haven't re-motivated myself for another build-up, trying to do more than my current runs with the dog.

It's a 'first world' problem to have , though.
Enjoy the time with your kids, they grow up awfully quickly.

ATB

Hi wozzer70,

"(1) Supply@ME Capital (SYME: LN) has developed a cult-like following amongst investors. YES.

(2) Its clients swear by its inventory securitization system, and it has weathered the coronavirus-imposed stock market correction by helping prop up other businesses. CAN YOU NAME ONE ?

(3) The firm’s growth has been strong amid wider turmoil, bolstered by its healthy balance sheet (QUE ?) and loyal client base (SEE ABOVE).

In this instance, (2) + (3) = (1).
ATB

Hi markshares,

.."doesn't sound like enough given the contracts since the fundraise.."

Maybe. The emphasis that CF and RNS both placed on HMG down-payments may suggest that this isn't the case with other contracts. Just a thought !
We're disagreeing, maybe, between 'good' and 'great', though ;->

ATB

Hi rajbury,

I'm a big fan of Eric Berne, myself.
There's a lot of material on the BB's ....'Why does this always happen to me ?' gets a lot of air-time, unfortunately.
And a lot of 'Child response to Adult' aka 'play the man' when people are presented with facts that don't , unfortunately, tie in with their world view...

ATB

Hi Parm,

'Pay attention' ! If you look, you'll see that my comment was addressed to Micky 1....

And if you look further, you'll see that this is a follow-up to earlier exchanges with him...

Not to worry : never let the facts get in the way of a (pretty feeble) retort.

IMO.
Lol

Hi Micky1,

.." Well some lucky Punters :-) are onto the secret funder and I suppose for everyone’s sake we should probs just keep it like this until it’s announced as obviously NDA applies to all parties. .."

It obviously DOESN'T apply to anyone who's not a party/signatory, though.
If apunter2 ISN'T an insider, he's perfectly free to disclose his detective work.

He's done some good stuff but is now coming across as a bit of a c*%$teaser, frankly.
IMO

ATB

Hi Newby58,

I'm with you :
- CF said Thurs 29 Oct that £ 10 million had 'landed in the account last Monday' ie 26th
- presentation (also dated 29 Oct) said 'cash balance £ 21.5 million as at 27 October'.
Suggests to me that the £ 10 m IS included....

IMO
ATB

Hi 99 icecream,

Here's what ZIOC said in its 2014 results RNS :

.."Impairment

The current low, and volatile, iron ore price environment has impacted the Project's future financing which resulted in Jumelles assessing the recoverability of the carrying value of the Zanaga Project. A range of outcomes were considered, but based on iron prices at the end of 2014 and continuing price volatility, the Zanaga Project was impaired down to $100m, resulting in an impairment charge within Jumelles of $189.3m, the Company's share being $94.7m. A resulting impairment charge of $110m has therefore been recognised by ZIOC to bring the carrying value of its investment in the Project down to US$50m, which is 50% less 1 share of the carrying value in Jumelles accounts..."

There may have been a subsequent impairment, to bring us where we are today, I haven't checked.

ATB

ATB

The guy who wrote the article.

Hi Lokiloo,

.."hold what you got & buy more!" is what Rupert says, not - see disclaimer- what he does...

ATB

Hi all,

A useful exchange on a d v f n with SJF (who posts as scottf) :
(1) Queried about his background/experience :
Hi

Just to clarify that as well as starting my own business ANS I have been a prolific and successful investor in many different companies

Some successes (some failures too)

Godel technologies (nearshore software dev)
Westlab salts (Uk brand leader)
Digital next (online marketing)
Wakelet (tech startup just raised £10m in capital)

I have also been a director on FCA regulated companies and ANS was listed on plus markets a few years back so I like to think I bring some experience to the Board that they can call upon around public markets, corporate finance and a view of a private Investor (I was an aim investor before I started ANS in 1996)

Effectively I now run my own family investment office as I’m hands off on ANS and the other businesses.

I see Nccl as a really exciting opportunity which in my opinion is high risk high reward and that’s the basis of my investment at this time.

Hope that helps and makes sense

All the best

Scott "

(2) Pressed on .."Have you ever invested successfully in a heavy engineering / project related company / that is a 'sponsor' - and won't be the owner without stumping up its share of the capex equity ?- of a project ? Which is building what will be a no-growth / bog standard / limited life power station using a fuel which doesn't attract funding from major banks any more - whose cash flows will be devoted to (1) repaying capex loan for first ten years and is in a sector (See OPG power) that doesn't attract a high stock market rating ? Hope you can persuade Hanno to address those poiints(sic).."

Scott's reply :
.."No I am not an expert but I do understand complex capital structures and have been through the capital structure and cash flow projections

Whatever way you look at it - once we have the PPA in my opinion it’s worth a lot more than currently hence why I think it’s a fair risk reward from here and have continued to buy.."

HTH and ATB

Hi all,

.."Early next week our CEO will be interviewed by @proactive_UK and will explain the weeks ahead..."

I thought AZ had 'taken the pledge' and would be informing the market via RNS, not by boosterish interviews ?
I tried 'sober October' and fell off the wagon , too...
;-<
ATB

Hi mark-k,

Apunter2's post pointed to shareholdings aggregating over 100%, surmising double-counting. Where's the breach of an NDA if AZ tells us only who's 'fronting' and not the ultimate final owners/beneficiaries ?

All IMO, this isn't really my area.
ATB

Hi calamari,

I 'get' that there's a risk if they actually sell, but -if you've got 5 billion shares to play with (if , Heaven forfend, they were to talk to each other) , you've theoretically got a lot of muscle for a short attack.
You're only really at risk if something 'unexpected' happens.
And since even the fanclub are now openly acknowledging that the s/p is being manipulated, it wouldn' be a big stretch to speculate that these 3 might - conceivably - be dancing to the 'ring-master's whip', too. Or , at least, be aware of when it's about to crack.
Whoever he/she/they might be.

IMO
ATB