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"The allegations of mispropriety {sic} and director duplicity are now firmly put to bed!"
Let's not get carried away - AZ is still a duplicitous cretin with his fingers in far too many pies who has mercilessly shafted every decent long-term shareholder who was excited by his vision and invested at any point prior to 2022, and still has a long, long way to go to deliver any kind of value for those who've invested since (even the amateur and evidently sub-par traders who entered last week and arouse feelings of deja vu amongst the LTH's with tired, lame ramblings about short-term share price movements and conspiracies as to how the share price is being held down).
Crowe have audited SYME's 2023 financial statements only, not the endless RNS which have failed to deliver on their promise, not the outrageous and evidently improper valuation of Tradeflow Capital, not the highly suspicious trading patterns, not the unusual and suspect loan share arrangement, not the unusual presence of so many seemingly unconnected individuals united in their lust to see SYME fail and nor the utter waffle that Alessandro spouted during his many, many interviews.
Is it?
It’s a random RNS, certainly. I suppose it helps legitimise the business and quashes the fraud claims. That’s got to be worth a 100% rise tomorrow, surely…?!
Unless our new WL friends have requested it ahead of go live? Odd content in standalone RNS and odd timing… curious.
Evidently the market doesn’t believe the news coming out anymore. Surely getting an email with a vague expression of interest in working with SYME is worth more than this MCAP?!
Something very strange going on here… It stinks. It really hums.
I remember when we all thought 0.32 was the floor and share price couldn’t possibly go lower. Hoover up those cheap shares, MM’s can’t hold this down much longer!
A further 1500% decline and still the same old cliches are trotted out. Funny how the price and some of the characters change, but the ludicrous ramps and the nasty deramps have remained a constant with this bloody share.
Still in startup mode.
Loss-making and no real revenue coming in. Concept proven (again?) via VEChain transactions (although we were led to believe it was proven before listing) and agreements in place to deliver WL/funding.
On the surface, it suggests revenue this year and a pipeline of transactions, but we’ve been here before. About 6 times to be exact.
The million dollar question is whether these agreements will actually lead to any delivery or fizzle out as before.
The sheeple will wake up one day. For complete disclosure, at £60k a share I'll probably be tempted to sell, or at least top-slice.
My warrants will be worth £120,000,000,000, so probably worth cashing in at that point. I'd almost consider forgiving Alessandro at that price.
SYME will be way bigger than Bitcoin, crypto has no intrinsic value whereas SYME is a global innovative business model with unlimited white label potential. When this rerates, people will be paying far more than £60,000 per share.
@sharebel I don’t care what label you want to assign me - I’ve bought multiple times, and sold once. If the share price rises 250% I can still buy back in cheaper for what I sold.
Difference is I’m not the one getting my facts wrong (tHiS is the FiRsT I’m!!!!111222) nor throwing out unsubstantiated “rerate” claims.
I was invested for so long, I’m curious to see what happens here. I hope for the many decent LTHs on here and who I spoke with as a holder will get a return or at least a chunk of their investment back. A 50, 100, 150% spike sadly won’t do that, hence the cynicism I and many others hold.
Sharebel - suggest you research your latest trade.
Today isn't the first announcement of their first fully functioning and funded signed IM -
1. It's an announcement there's an agreement to do it, not that it's been completed.
2. We've had two tranches of fully functioning and funded signed IM via VEChain, albeit for much smaller amounts.
You describe this board as a sewer, and yet ironically it's the shameless and pathetic transparent ramping from short-term traders that is one of the biggest contributors making it so...
It's not MM shenanigans. There isn't a conspiracy to hold this down, Winterflood don't have a 7am stand-up every morning and sacrifice a goat in the name of damming the huge buying pressure that if left unchecked would propel this share into multiple pence.
The news is good - it's another agreement, it's the promise of 9-figure IM, and credit where it's due, it's a well-written RNS.
But 1-3% of 135M EUR is 1.35 - 4.05M EUR, and it's not delivered - it's promise of what may be to come, but as has often been the case here, it's not signed sealed and delivered. 4M EUR of Revenue might optimistically support an MCAP of double or more where we are now, but when it's categorically confirmed, not another AZ "agreement". Let's not forget all the other historic SYME agreements that delivered nothing.
It's not derisked (I despise that term), nothing tangible that we can taste has been announced today, but it's a step in the right direction. I'm not yet tempted to buy back in, but it'll make me watch a little closer.
Let's hope so - the RNS reads better than previous efforts, and finally the lesson has been learned not to offer deadlines (or worse, vague offers of "shortly", "imminently" etc.) which are then missed.
If they can monetise 135m EUR, while the revenue won't shoot the lights out, then maybe this business model is finally underway and we can see some of that snowball effect he's been banging on about...
Speaking of TJ, I've dropped him a message on LI to ask for his views on the current farce, not that he'll reply.
I see he's stopped waffling on about space long enough to update his tag line to "driving innovation in Commodity Markets & Fintech | Published Author & Thought Leader".
I might suggest "Heaping misery on Shareholders and Serial Underperformer | Co-conspirator and simp of Mr. Zamboni" would be more accurate.
@WiggyP - the word used in 29th Feb update was "finalised", so if we believe SYME respect the sanctity of the markets and provide honest disclosures in RNS, realistically it should now be final, or at the very least by the end of this month.
However, given the track record, I accept that "if" in the previous sentence is doing a tremendous amount of heavy lifting. The usual pattern is promise something way in advance, subsequent update the market to say it's close, then radio silence and no further updates.
What's curious is AZ no longer goes on camera - you'd think if WL was close the PR machine at SYME and indeed BPM would be kicking into gear, and the share price would have continued to build in anticipation, no drift a further 15-odd %. Maybe we can't afford Proactive's fees anymore.
The first deal is unlikely to move the share price - 10m monetised is buttons in terms of revenue. It doesn't even cover Alessandro's annual salary.
The market no longer trusts "envisages", "finalised" or other nonsense business buzz words Alessandro has used in the past to create a false sense of anticipation.
SYME has exhausted it's spike on promise of future deals - only tangible received revenue will move this, so realistically investors will be waiting at least another 2+ years, assuming WL really is in it's final stages and comes to fruition in the next week or so.
Do I? There was about 800 remaining LTHs down from about 1500 if memory serves when I was booted from General... I've no idea if they were hodling, trading or otherwise, but I do know trading has been an ever-present discussion in every SYME group I was in previously, to the point I grew tired with the bickering.
At what point to the remaining LTHs start kicking up a stink? If WL doesn't come to fruition? Or do we wait for the next SACE/VEChain/whatever else story AZ can invent to kick the can down the road?