Member Info for GosiaS

It's looking more and more interesting. Time to bag more shares if this continues this way lol

And from the article: "It is expected to be chaired by Clive Adamson, a former executive at the Financial Conduct Authority". How convenient? I doubt it will be buyout, but all is possible. GJ strategy is more and more interesting.

Parm, fully agree. I invested also in AMGO, which is being beaten to pulp by FCA and FOS. Things are dragging since last September. Whilst AMGO is trading on London market as usual, it is not trading at all in a real life (no selling, just existing customers) until issues are resolved. And they have CEO that is really skilled in dealing with FCA.

Here we have an opposite situation, so it is quite interesting to watch and see what will come out of both.

I would not set up stop losses on this one. It's violative share for sure, but it's under its proper market value. As soon as the company starts trading, these shares value will sky rocket. It may bounce back, forth ,back, but will move up at the end. They may have a dip post court hearing this week, but will eventually recover. Starting trading is a key here. That's my thought. And I've just topped up another small bunch.

Yeap Maveric, that's the case plus very nice retirement fund. GJ and his wife bought lots of shares last November.

Paulanthony, £3.00 per share is my target and it's way before these incentive plans will be ready to pay. That's my prediction. At the end how many gigs GJ wants to do in his life before he retire? My thinking is NONE. So all hands on deck to make this a total success.

If you trade shares of PLC then it would be good to have FCO or at least Finance Director, who is skilled in running finances compliant with the UK regulations. Would help a lot avoid a situation like this right now.

And to support my above post, this is the exact text from RNS:
"The Company successfully addressed the technical DTR breach regarding the timing of the publication of its financial statements on 29 January. SYME has since been in regular communication with the FCA in support of the regulatory steps and due process required for the lifting of the temporary suspension."

Hence I think DTR breach of the publication of its financial statements could be one of issue picked up by FCA. Now AZ needs to address hole can of worms and other potential breaches or make corrections to be compliant. If that's the case, he really needs experienced FCO and compliance experts.

I seriously doubt delay in re-listing SYME is FCA fault. I think AZ was asked to supply further evidence of compliance with FCA and other regulations or to make change necessary to be compliant. Or maybe the condition of re-submitting is a submission of full audited accounts for 2020. Looking at the Companies House website, the Supply@Me Capital PLC has a deadline to submit those by end of June 2021. This means we may sit here like ducks till then. Is that a bad news? It's depending what those accounts will show and how cash strapped you are (ie. desperate to get rid of the shares). Usually we see unaudited accounts for a year before hand. Unfortunately not here, which is a shame. Someone has mentioned on this BB that AZ is looking for FCO. Maybe that's what is holding this off.

I think will see what is going on with the business soon - today is another important date in the company's calendar - AZ needs to file his first confirmation statement and on time (deadline 12 April 2021). If hi is not on time with this one either, then this share is in serious trouble.

I am hopeful that whatever is happening now behind the scene is for the SYME's good and will strenghten the company's position on the market and increase the share price.

BHP & RIO are way much smaller companies, but with better PR and ridiculous prices per share. Yet this gigant sits unnoticed. The biggest uranium production in the world that is seriously profitable, and now also China as a partner. With Global Warming being a next hot topic after 2019/2020 and a current trend to move away from combustable fuels, uranium has a chance to be a new golden commodity (although I would not keep it under my bed ;-)

I wonder how this share managed to stay out in the shadow. Would that be a lack of publicity? Definitely on my radar now :-)

I wouldn't be writing this off as yet. AZ must sort out the issues and make FCA happy. FCA cannot keep the approval to resubmit unreasonable long without formally investing the company. My gut feel is that AZ underestimate the importance of compliance in UK and did not understand fully the process. Once on the FCA radar and talking about monetisation, first thing that will spring to the regulator mind is:
1. Is that legal from HMRC perspective?
2. Does it have to follow FCA regulations and if so, does it?
3. Money laundering concerns?

Unfortunately, AZ pitched this business as a financial product despite it being literally a technical platform to convey B2B business. And noise from likes of TW didn't help.

As a result he probably open a can of worms with FCA. As a result, he will have to jump lots of hoops and loops until FCA is happy enough to relist it.

Is that a bad thing? Actually I think this is the best thing that could happen to AZ and this business. Once FCA completes their work, both shareholders and the business will have a confidence that it is compliant with law.

Lesson learned for AZ to do not underestimate UK love for compliance and procedures.

It also should give him time to sort out full audited accounts for 2020, which hopefully would show everyone the health financial of the company.

For that I can wait happily. What else I can do anyway.

What a day! suddenly my dream of £3 per share in few years is no longer so laughable :-)

I am a bit worried, this debt will drive shares further down. Let's hope Zen will secure both opportunities and strengthen the production.

Makes sense when you put it like this. Still, it would be good to know who is lending money.

I wonder who the Lender is. Shame it is not stated in RNS. Also there is a line about issuing new shares on top of this debt and hence diluting the share price. Or I am reading this RNS incorrectly?

It's on the way up again, and maybe ready to challenge today's high

It would be great to send AZ to Texas and see if we can use ZEN to produce electricity on the rubbish gas they may have. We would be a billionaires today looking how much Texas has to pay for electricity since the frost this year. The prics went up 10000% leaving people with multi thousands bills to pay for few weeks usage

What happened to the market today morning? Is that caused by BJ's announcement of the lockdown plan and economic recovery?
That should not be any surprise to anyone, so why blood bath today?

On the bright side - another RNS with increase of CFD and voting right paid in cash, whilst other fund is keeping modest 3ish %

Looking forward to see what will happen next

Looks like everything is stabilized now