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60 seconds... ?

Suspended on 21st
7 days later, Audited accounts published. Had to wait on Auditors to do their job.
Next day was the Interim results.

Hopefully trading will resume today. If not, we need to know what the delay is for.

I think trading will resume tomorrow. The reason it was suspended was because the accounts needed to be published. That has been remedied, so there is no reason for trading not to resume. I would expect an RNS stating the resumption of trading at 7:00.

The 2 accounts RNS' had plenty of current info in them.
1st securitisation transaction will be through the Open-Funding route, with announcements due on the final stage of the transaction. I believe once there has been proof of concept, funding will be made available for the self-funding and captive-funding routes from .

I am not sure if there will also be an RNS stating the first securitisation transaction has closed. It must be getting very close as they mention the July announcement was a 3-4 month delay from the end of September.

By the end of Q1:
the Captive Bank will have been acquired;
an integrated service model will be designed for banks;
a financial guarantee will be created with Insurance Companies;
a dedicated inventory insurance product will be created.

If there is no other RNS, I don't envisage much price movement. The Reddit group are trying to make parallels with Gamestop which is just crazy. This was shorted to about 140% whereas there is no data available for shorting on SYME as the amounts are so small. I also don't think there will be a mass sell-off with holders concerned about the suspension. It was clearly an administration exercise where the accounts had to be published - which they have. And news on the first transaction is pending - more likely there would be a fear of missing out.

GLA DYOR ATB

On twitter, there was an image if the email in which it thanks him for his email, saying they are investigating the company.
Of course it is only the body text shown. No subject or email addresses.
https://twitter.com/ozzy1122/status/1355972096371924995

There have been lots of questions about SP and when we will resume trading.

Why was the change to the accounts dates done now?
Was it just to bring everything into line with the other companies?

The suspension of trading suggests that they had not planned on getting the accounts published so soon. i.e. not a top priority. If that is the case, should we be expecting other news? And if so, what?

I have no idea where people are getting their information from that the share is being shorted.
I haven't been able to find any figures.

Take the number of shorted shares and divide by the average daily volume. The higher the number, the more days it would take for shorters to cover their position.

Thanks MP

I'm fine as long as I don't look at my % required for breakeven. lol
There does seem to be quite a few announcements due. I'll look forward to the next speeding ticket.

If I had held here and sold at 1.59, I would have got out with a small loss. Been here a long time.
I missed the rise, then bought at the tip of the spike.
Surprisingly I'm not overconcerned as I do believe the results will be good from IAMGOLD's drilling results and this will be reflected in the SP. I might top-slice and try to trade my way to a lower average to hopefully profit in the long term. GLA

That is correct. My apologies.
I had assumed all government contracts related to Covid had NDA's.

The vaccine supply figures were released by Scotland, then removed. This was because the data was "sensitive"
I thought this was due to NDA's or something.

Ex

I didn't say that you said that was in the RNS. I was pointing out that the reason was not mentioned in the RNS
My apologies if this was unclear or offended.

As I said, everyone has their own opinion and i'm fine with that. Even if I don't agree with that opinion.
I read that part of the RNS as things still being worked on.
[Furthermore, discussions are in place with a number of Insurance Companies in order to create:
· a financial guarantee in favour of the Inventory Funders through the Platform;
· a dedicated inventory insurance product aimed at generating a new revenue stream for the Company.]

Is it not just 10 trading days until the end of the government NDA?
I'm hoping there is an RNS on the 15th with all the news and updates.

If the UK government haven't used our stock, we should have more to sell abroad at a higher margin.

Hi Parm

I don't feel the need to respond - to anyone.
But if I see something posted that I don't agree with, i'll put my view - if I can be bothered.

Ex and Cali were saying that funders were asking for security before committing and funds. I was just pointing out that this is not what was in the RNS. If a Council started an initiative to fill in potholes, it doesn't mean they are getting sued by drivers claiming for damages due to potholes.

Everyone has their opinion and are free to express them. If a see something I have commented on being taken off on a tangent, chances are i'll chime in.

Not too much longer until we get news Parm - don't let the barstewards grind you down.

My take is that the market will open at 0.51 if there is no news other than the resumption of trading.
We know that the first transaction will be Open-Funding. This will be the proof of concept and if it goes ahead, there will be further transactions.

It sounds like there are a few things to finialise on the platform, so once this is in place we will get more funders on board and completion of the Captive Bank will take place.

If we resume trading and get an RNS about the 1st transaction completing, then I would expect a large increase in SP.

Hi Extrader.

SH not being the funder I put a correction post at 04:21. We do not know who the €500m funder is.
This was in an earlier RNS.

An earlier RNS' stated 56 clients were eligible to start due diligence. I may have jumped the gun a bit by thinking it had already begun. It would be good to get confirmation of numbers on this too.
[30 Nov RNS] [ The partnership with the EPIC platform announced on 7 September 2020 continues to supply a strong pipeline of Client companies. In addition to the 152 corporates originated by the end of November, a further 56 Client companies should become eligible to commence the due diligence phase. ]

Syme is still working on: ... a financial guarantee. I hadn't quoted the full text as there is no detail.
There is nothing to suggest that it is the funders that have requested this. It may be part of the platform that is still to be completed. The next part was about an insurance product which in itself would be a form of financial guarantee. It sounds like we are just hammering out the details of the insurance and what the SYME allocation may be.

Small correction - we have no idea who the funder is. It's not SH. If they have €500m available for investing, it must be someone major though.

[old Quote][ first securitisation issuance, co-arranged and distributed by StormHarbour Securities LLP]

* That means we have money coming in.

I have read a number of posts with people worried about the company's shares being suspended from trading. I have not read anything that would lead me to believe that re-admission to trading will not happen. We just don't know when it will happen.

There have also been comments about there being no funding and delays until Q1 before anything happens. My reading of the RNS' results in a different understanding. I have put some excerpts from the 2 accounts RNS' below with some comments.


[Quote][ As well as completing the first Open-Funding securitisation transaction, the Company expects to have delivered on Captive-Funding and Self-Funding initiatives by the end of the first quarter of 2021. ]

My take on this is that the proof of concept, 1st securitisation transaction, will be through the Open-Funding route. Once this has taken place, the gathering of finance from banks, financial institutions and investment funds will take place as well as completion of acquiring and launching the Captive Bank.

There are 2 ways to do Open-Funding.

[Quote][ The first Open-Funding structure is an inventory-backed securitisation note programme, arranged and distributed by StormHarbour Securities LLP. The second Open-Funding structure is a Shariah compliant investment product. This widens the potential investor base for the inventory monetisation platform to include the Islamic Finance Industry. ]

So potentially, StormHarbour Securities could be funding the 1st securitisation transaction of up to €500m for UK corporates?

[Quote][ In relation to the Inventory Monetisation programme for UK companies, Supply@ME:
has agreed a Heads of Terms with a global asset manager for an Inventory funding facility with a potential value up to €500m. The Platform is arranging a first portfolio of UK corporates, and is negotiating a memorandum of understanding with a specialised trade finance fund to benefit from synergies relating to UK Client Company origination. ]

Syme is still working on:
The Captive Bank is in the process of being acquired
The Company is working with several Banks to design an integrated service model
Discussions are in place with a number of Insurance Companies in order to create:
a financial guarantee
a dedicated inventory insurance product aimed at generating a new revenue stream for the Company.

And we could be making money from al companies that apply, not just those that pass due diligence.

[Quote][ The Client Company origination and on-boarding process is itself a revenue stream for the Company, since it generates up-front due diligence fees paid by eligible corporates whose inventory will be part of the portfolio of inventory monetised. ]

I think things are progressing quite nicely but am wondering if we will start trading before or after the announcement of the 1st securitisation transaction. I haven't seen anything to trouble me yet - and if the due diligence process is underway, that means we have money c

I sold at 0.391 mid December to top up another share and missed the rise.
I bought back in at 1.56 - about 5 minutes before the speeding ticket.
I have been in here since it was Stratex and before they had taken over Goldstone.

I guess it wasn't meant to be. I will possibly get out about even after IAMGOLD news.
Not the first share I missed the rise on. Hopefully the last though.

Frank, I am sure some people posting there are holders and would like nothing more than to emulate Gamestop's price movement. This was down to a subreddit called wallstreetbets. Not just someone making a random post. They have lots of followers but this is probably a one-off success of this magnitude.

Seriously doubt a post on Reddit about an little-known company on a Friday night is going to have any impact on the SP.
I know some people want to wind up shorters and derampers but is anyone really buying this?