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Wolf, I think that’s unfair. I would say a greater proportion of investors understand the mechanics of this proposition. Of course, some are gambling, but many, many individuals will have learnt how all of this works before investing their hard-earned.
You’ve come on here only fairly recently, with an almost Asbergers-like sense of arrogance and poor social etiquette. Just get off the high horse mate, it’s toxic. You’ve displayed misunderstandings and inaccuracies yourself.
We’re all (mostly) invested and ultimately have the same goals and desires. There is no need for oneupmanship within a team. It’s distasteful.
Argo you’re over thinking it.
There was a 16p projection on FT once so I asked AZ how reasonable it was. He helped me understand how it MAY get there but was no way predicting the share price. He has no control over the value of the company. 2000 companies could get enough inventory monetised, and thus profits at 1% to get that figure if the market prices at 25x.
A lot of ifs and buts there and this was a while ago so please don’t think it’s anything else!
I’m sure I saw hat months ago, it’s been on the website all along. I think it has been edited though.
‘Starting today you can turn your inventory into a value generating asset’
I like the starting today bit - must be confident!
From an investor perspective, the risk is still more palatable than a corporate bond for instance, and pays a better coupon.
The risk of unsold inventory is for the investor/receiver of coupon to take. Of course it is, no different to any other financial product.
If you buy a property there is liquidity risk, if you buy inventory there is liquidity risk. What makes it attractive is that something tangible sits behind their investment, and should it all go t*ts up there is another layer of protection as they own the inventory via the SPVs.
This was blatantly obvious from the start and was always the case, it’s nothing new.
Agreed - Wouldn’t touch any Covid play with a barge pole for that matter.
As time goes on it becomes more and more obsolete. There’ll be some poor folk at the end left holding the baby.
I think the emails tell us rather a lot, and I must respectfully disagree Mick2.
If talks, arrangements or sign off had been slammed with a curve-ball, there would either be much more negative email responses, or probably not at all. They are, in writing, openly saying that everything is going to plan.
I’m not sure we could expect anything better other than RNS confirmation, but that’s evidently not ready yet so we can’t have news is we’re still in final stages.
The next best thing to do therefore, is reassure shareholders that we’re ok, and they have been doing. Radio silence would concern me, or not replying, or a blatant diversion from the questions but they are tackling them head on with explicit replies.
They’re opening themselves up to some serious breaches if there were complications behind the scenes, and still saying all this to investors.
Let’s all just hang on that little while longer.
Micky, nice one. Thank you.
Once the first tranche is signed and sealed, it will be bang tranche 2, bang tranche 3, bang tranche 4.
It's like setting up an account, paperwork and forms, waiting times etc to get it going, then popping money in every month becomes a piece of p*ss.
SO exciting.
If individuals are failing to see the magnitude and ingenuity of this concept, and the stage it is currently at, hasn't researched it enough.
Don't wet the bed, and replace troll accounts with a new thread, let's get em down the list.
Year end fast approaching, first tranche, proof of concept, name of funder, it will move out of this risk remit into another, with an adjusted, more expensive share price.
Tranche looking like it may be bigger than what we've been told, last minute due-dil, who knows they might get monetised next week too, scalable process allowing tranches to come thick and fast, loads of funding money available, global investment institutions.
Proof of concept alone will change this beast entirely, and the increased value of first tranche will likely amplify what is already about to be amplified.
Volatility is necessary in things like this, it's a test. You don't deserve returns if all you have to do is buy and make money, there has to be a challenge somewhere in anything that rewards you. The challenge is remaining steadfast.
Can’t believe I’m saying this, and I do whilst holding my nose, but Mr008 is right.
They’re trying to go bigger on first tranche.
‘ The biggest near-term threat to most banks comes not from FinTechs but from traditional competitors better leveraging those FinTechs’
This was my point about larger more traditional institutions adopting the service as a sub-platform to their main offering.
Loads of good stuff in there to chew on:
? Blockchain: there are still several questions on the adoption of blockchain solutions for banks and the financial world, due to regulatory and compliance, scalability and interoperability issues. Nevertheless, blockchain solutions in the retail and corporate banking sector are emerging from the test phase, confirming how this technology represents real advantages such as the improvement of trust, transparency and potentially lower costs, reducing transaction times and improving cash flows. An Italian case study in which blockchain was applied to the banking world is already a reality. Spunta Project2, the project promoted by ABI and coordinated by ABI Lab, applied DLT (Distributed Ledger Technology) to the interbank check
Interesting read here on Italian Fintech by EY
https://assets.ey.com/content/dam/ey-sites/ey-com/it_it/generic/generic-content/ey-fintech-ecosystem.pdf
You’ve completely discredited yourself there. Couldn’t help but laugh!
Agreed. The reason this hasn't brought us the news we've been gasping for, for so long, is because it keeps getting bigger.
It isn't sinister, or negative, it's because the goalposts keep moving. The last RNS told us that the first tranche may be higher, I suspect it very much will be.
Poor/Red - depends if they've got their telescopes with 'em or not.
Jokes aside, it really isn't long now. London Eye fireworks may be cancelled this NYE, but SYME's sure ain't. I'll be sat here getting sh*tfaced in front of the monitor!
Spoilsport poorinvestor.
I tell you what as a compromise, as you know, some folk want me to wear the briefs of glory.
I'll wear them round my ankles only, and stand in my window, opposite where the dog walkers like to wander, if the SP goes up by 25% or more.
I'm a man of my word.
Evening all,
I'm thinking about smashing the bad boys on again tomorrow for a bit of a boost. They brought on the last rise, last time I wore them.
They've been washed since.
What do we reckon?
There are three 17m buys. One cancels out the other, and the third is an undisputed purchase.
Yeah, they ain’t getting em mate.