Member Info for extrader

Hi jonesrichard,

If I say to you 'all swans are white' 'in this case "TW is a fraud and always wrong", all you have to do is show me a black swan to prove me wrong.

Somebody made that claim about him. All I've done is show that TW isn't ALWAYS wrong.

You take it from there, DYOR and make up your own mind.

FWLIW, I think SYME has great potential (potential being the operative word), but has got ahead of itself in a number of areas.

ATB

Hi applegarth,

.."TW goes in heavy with his shorts knowing full well that onr day someone will take the bull by the horns and sue his r/se off. But guess what? I don't think TW gives a gnat's knacker if he gets sued. .."

I think you're right, for two reasons :

- the Private Eye argument : 'we've got no assets you can take in satisfaction';
- the wrestling with a pig argument : 'Don't. You both end up muddy, but the pig enjoys it !'

ATB

Hi calamari,

In football, there's a saying : play the ball, not the man. If/when you do the latter, it's a tacit admission that you've been bettered....and have to resort to violence, physical or verbal.

Sounds familiar, no ;-> ?

Someone on lse asked ..".."Let’s see an independent list of companies with facts backing it up that TW has correctly called out in all his years for fraud.."

You'd have to go to his site to see HIM make these calls, iGas, Globo and Quindell, to name an easy 3 from memory. I'm not suggesting anyone do that ( I agree with the general sentiment that he appears to be a pretty unpleasant /unfortunate person), that doesn't make him wrong.

So, for anyone interested in DYOR :

(1)Re iGas, see hxxps://www.rolandhead.com/oil-gas/igas-energy-plc-keeps-digging-as-ceo-austin-defends-equity-first-deal/
If you go through this, you'll see why AZ was quick to emphasize in the 30/7 Proactive interview why the 1AF2 'loans agst pledged shares' was different.

(2) Re Globo plc , see hxxp://masterinvestor.co.uk/wp-content/uploads/2015/10/GBO-report-super-final.pdf
If you go through this, you'll see in passing their negative observation re RTO's and opaque shareholding structures.

(3) Re Quindell , see https://www.ft.com/content/54049ad4-68b7-11e4-af00-00144feabdc0.

TW was involved in calling these 3 out, as was JakNife, Paul Scott (paulypilot/s tockopedia) and various others.

Time spent on reconnaissance is seldom wasted ! Hope some out there find this of interest.

ATB

Hi cahoodle,

The gremlins have got to you too !

.."19p would quadruple current trading price £1.90 would 40x it!! "

Actually, 19p/0.5 p = 38x and £1.90 /0.5p = 380 x.......

;->
ATB

Hi 99icecream,

Me too ! Last sentence of quote below :

..." The arrangements for the payment of a Retention Fee for 2020 are broadly similar to those for 2019 described above, except that the amount of such Retention Fee will reduce pro rata if the Team Member's arrangement with the Company ceases before or during 2020. The total number of new ZIOC shares which could be issued in 2020 is yet to be determined and further announcements will be made at the relevant time..."

?

Hi 803799,

Thanks for the link.

Here's how it begins : " Its clients swear by its inventory securitization system, and it has weathered the coronavirus-imposed stock market correction by helping prop up other businesses..." Is this a work of fiction ?

Scroll down to bottom of article , ignoring all the misplaced decimals and faulty arithmetic ('all those 00000000's) and you arrive at :
Media Contact
Supply@ME Capital
press@supplymecapital.club
+44 207 933 8780
The Concourse Waterloo Station, London SE1 7LY.
http://www.supplymecapital.club

This seems pretty desperate stuff to me.

ATB

Hi IraMil7,

Well, if you've already ascribed £225M for something that only cost Euro 1.5m to develop...and then ascribe a value of another £ 225M for the second half of the IP from Placing Proceeds , you COULD get to £ 450M on 2 x bites of the cherry, I suppose.
Divide £ 450M over 33billion shares and you get to , what, about 1.4p a share ?

Hmmmmm...

ATB

Hi IraMil7,

.."Market value includes intangible elements, such as IP etc, especially when we speak about innovation and tech... IMHO.."

Sure.... but they've already had 1 bite of that cherry, when at RTO they ASCRIBED a value of £ 225M to IP for which SYME Italy had only spent Euro 1.5 million over 4 years. And roughly £1.4m of the £2.2 m Placing Proceeds were additional spend to 'perfect' the still unfinished bits of the fintech offering.

ATB

Come on, knokke ;->

OK, I'm a believer in DYOR - as I think my posts have shown - but answering someone's (not me, I hadn't thought of it) reasonable request for info with , basically 'google is your friend' isn't really helpful.

Hope you'll 'spill the (accounting) beans' and save everyone a lot of time !
ATB

Flwg mandi01's enquiry here, someone's put flesh on the question elsewhere :
"...
Pumpjack
16 Sep '20 - 14:44 - 5621 of 5621
0 0 0

Existing shares were 101.09m and 331.6m placed = 432.69m.

The volume has exceeded this on many days so someone is off loading stock from outside of this 432.69m figure.

Not counting today, daily Vols for the previous 6 trading days were 570m, 479m, 593m, 1146m, 1156m & 772m.

There's no way that level of volume is attributed to traders in or out multiple times a day on top of those who claim to be LTHs.

The share price ranged .0070 - .00815 on Fri 4th.
On Mon 7th it ranged .00685 - .0074 .
The next day the 8th AZ said 940m shares had on the 7th been transferred to an unnamed institution for .006872.

The share price has fallen after this over the next few days to .00465 but still the volume exceeds the 432.69m combined figure of existing and placing shares meaning their coming from the wider ownership at listing in the 32 billion figure held.

A clue to this is the RNS of the 10th which said "These agreements anticipate both broker to broker transfers and open market transactions as recent trading has proved" but for now un-named until contractual agreements are completed - so no way of knowing who's actually taking up shares or where they are going and what if these 'institutions' wish to still remain anonymous under any so called contractual agreements made.

One thing that has happened is that by valuing Syme at £224.5m by the directors themselves, by virtue of this and their massive holding by Avantagrde etc with those 32 billion odd shares, they were able to give Avantgarde a valuation of around £200m.

The placing for Syme was £2.24m or just £1.44m after expenses and conducted by Epsion which is a wholly owned subsiduary of Eight Capital which has a 40% interest in Finance Partners which holds a 17.66% holding in Avantgarde Group.

Avantgarde transferred 940m of its shares in SYME to an unnamed institution valued at £6.45m.

While SYME may or may not be an outstanding investment, it's worth remembering the Avantgarde valuation in the process and the avenue it presented to even partially monetise some of its stock holding via SYME that it may not have had previously.

Does anyone know what value Avantgarde was prior to this in its own right, cash, debt or other before it decided to value Syme in house at £224.5m ? I would like to see who the buyers are sooner rather than later, rather than unnamed institutions as i think this is what spooked the share price after that 940m share RNS."

Good question !

ATB

Hi 99icecream,

I hesitate to cross swords, but I think you're wrong : the quantum of Dec 2020 retention scheme hasn't been determined (or at least, notified) - see my quote below .
These will be dilutive, so hopefully Elphick won't want to be overly generous with shareholder funds.......and it'll be easier to 'sell' a shortchange in Dec 2020 to the beneficiaries if their existing Oct 2019 shares have already left them wealthy beyond the dreams of avarice....

Well, atg was looking for some 'creative' writing...;->

ATB

Hi mandi01,

.."Surely there can’t be anymore sellers,can it?
Whoever wanted to sell would have done so by now I think...."

No-one from the Concert Party (ie AZ's connected) is likely to be a seller, there were 3 x private bank type investors at the time of the RTO - see prospectus for details. Each with 1.63 billion shares, 4.98% (which is conveniently below the 5% disclosure level) and we've no idea how tied to AZ, if at all, they may be.
- Ceresio has already liquidated and transferred its 1.63 bn shares to an AZ vehicle 1AF2;
- Parrot Capital(Global Capital Holdings) is some kind of private Maltese bank with a principal, Catalfamo, with fingers in lots of pies incl. fintech;
- Equita SIM is another merchant bank/investment bank subsidiary that could be acting for private money.

So, for starters, those 2, if they were so minded , could feed 3.2billion shares onto the market, even at today's depressed price that'd be about £ 6.5 million each. Not as much, obv, as a few weeks ago, but still not 'chump change' , esp. as they're all Consideration Shares ie negligible cost to acquire.

I'd previously thought that the 3 x pledged securities lenders would be more likely to play games, but several posters, notably jimbob83, have argued persuasively that they can't.

HTH and ATB

Hi caml,

Looks that way...

- the 13.6m incentive was a one-off, granted conditionally at 0.01p and with vesting conditions, they've been recognised under 'unexercised share options' (these and earlier = about 6% of the co if/when exercised).
- the retention scheme is a 2-parter , Oct 2019 and Dec 2020.
On Oct 9 , 2.8m shares 1% of the co were issued and paid for at mkt price.
For Dec 2020, all they say is "The total number of new ZIOC shares which could be issued in 2020 is yet to be determined and further announcements will be made at the relevant time...."

There's a curious (?) clash of dates coming up, because of the lead time for calling an AGM, it's now going to be almost contemporaneous with the end Sept 'drop-dead' date for submission of the interims to June 30.........unless they plan for a covid -related postponement of the latter.
Which, given the straightforwardness of the accounts, would be a bit 'naughty' , I'd have thought.

Well, we'll know soon enough (or not, as the case may be...) ;->

ATB

Thanks The Master_

Not on twitter , (un)fortunately and my partner uses my otherwise dormant fb account....

ATB

Hi DMcG54,

.."Extrader the Nike Group do not seem to be connected to the sports brand..."

My bad ! My assumption......evidently wrong. U made an ASS out of ME....;->

Many thanks for clarifying !

And if he's not the guy in those links, what are the chances of 2 x contemporaneous, geekie/techie Alessandro Zambonis from Milan....
ATB

Hi DMcG54,

Thanks for the linked in info !

The SYME website says "Since 2008, he managed the delivery and the sales operations of a consulting company specialised in Regulatory & Internal Controls for Banks and Insurance Firms."

Combine the 2 and it looks more like marketing consultancy than mainstream Chief Executive/MD, no ?
So, still (likely) big bucks, but not at the plutocrat level.

ATB

Hi apunter2,

Thanks for this ..... I wish everyone well !

Prompted by somebody referencing AZ as MD of Nike Italy, I googled him for the first time (I did say I was a bit slow on the uptake...;-<)

These were the first 'hits' :

- https://alessandrozamboni.it
- https://alessandrozamboni.com
- https://alessandrozamboni.clickfunnels.com/pdempire3

I think it's our man, certainly the age fits. Didn't end up finding anything much from Nike (apart from a few photos - he's aged better than I have !) but mightily impressed by the range of subjects he's covered.

There seems to be more info/background on linked in (doh !) but I'm not signed up there. Maybe some kind person will share what they find.

ATB

Hi apunter2,

.."Again agree totally but if your someone on a handful of post isn’t it nice to know someone in the know bought £1.5mill worth, biggest green flag of them all.."

I'd be tempted to agree with you...and then along comes AZ and starts waving that damn flag :

.."By the other hand, please remember that Directors bought at nearly 0,7..."

I accept that maybe I'm being somewhat Eeyore-ish......but there are more than enough Tigger-ish types around !

ATB

Hi apunter2,

Welcome back ;-> !

There's a great line - repeated a few times - in 'Bridge of spies', where Donovan/Hanks asks Abel /Rylance (who faces possible execution either by the Yanks or his 'own' side), whether he's worried at the prospect or not ? "Would it make a difference ? "

DW is entitled to be 'not bothered in the slightest' . If he CAN'T sell, that's the right response. And remember that he's sitting on 20.43%, AFTER THAT nominal purchase , for a total of 6.691 billion shares at a blended average cost of 0 .023p.

So he's 'down ' from £46.8million mostly paper capital gain @ 70p to a mere £ 30.7million mostly paper capital gain @ .46p.

I doubt many PI s will be feeling sorry for him !

ATB

Hi Weathergeek,

..."The banks that come on board may just want to package these up as investments. Send them off to the rating agencies and sell them. A bit like mortgages etc..."

Nooooooooo ! That particular bit of 'financial engineering' was the proximate cause of the GFC in 2008.
Be careful what you wish for !

Mind you, it did give the world The Big Short and Margin Call, so not ALL bad....just 99.999999% recurring bad.

ATB