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"I don’t need to do any thing other than have faith in what is an excellent team carry on with my daily life and watch my investment grow !"
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LTHs need to stop saying "have faith" in a company, as that is a guaranteed way of losing capital or holding paper losses in these types of plays (personally, I only have faith in god).
All recent news is good news for those getting a return on their investment but most PIs in SYME are clearly not.
Those of us buying in 12-15 months ago thinking we knew something the Market didn't is a classic PI mistake. Quite insane but that unfortunately is normal for most PIs who dictate to the Market.
Derampers need to take a break as not helping anyone in the same way as the rampers are not helping.
We need catalysts, that's the only think that will reverse the SP trend. Could be next month, next quarter, or end of next year - no way of knowing but the only meaningful comment was from the CFO saying "there's much work to be done" indicating don't expect anything that will reverse the SP trend any time soon. Then we got the RNS reducing revenue expectations for 2021.
So the SP could go even lower in the absence of any catalysts to justify current Mcap regardless of the great story, as that alone is obviously not enough.
"The Ox is slow but the earth is patient" (Confusious).
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Indeed, but this does not apply to trading/investing (unless inside knowledge of a company which is illegal for most), hence why most PIs end up losing the majority of their capital (buying at the wrong time, not seeing the sell signals and then eventually selling at the wrong time).
"Learn to trade/invest properly using a system incorporating risk management" (a private investor who learned/is learning the hard way - slowly but surely).
"MMs determine sp"
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No, they just mostly do execution trades these days using algorithms...what determines the SP is the Market itself - buyers and sellers and right now the LTH think they know something that the Market doesn't. It's a waiting game (if you can afford it).
Unfortunately my platform doesn't allow stop losses on this share. However SYME still has the chance to prove itself with first IM (no matter how small the initial revenue) but the SP may not rise as high from these levels as some would like.
(I remember last year all the idiots saying 1p, 2p...10p end of 2020 and their posts being voted up. Shows how the masses can be mislead and completely wrong...like in other areas of our society....the new normal being insanity lacking in human consciousness and the ability to think for oneself).
GL whatever you decide.
"Rebounding already and not the volume some would have liked. Brilliant :D"
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Rebounding...from what level exactly...some people need to get a grip.
IMO still plenty time to buy back in (even on a hundred percent rise as most PIs will still be in a loss).
Unless you gamble (if so, fair doos), I would rather see the SP break around 0.22p which looks like new resistance...Hope this stays above the low made on 11.11.21 of 0.1368p.
GL.
"Definately good news"
"PI's hold told even though your paper balance doesn't look good."
"Also keeps the Sp under control to stop day traders."
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Steady.on.there.....what idiotic statements you make.
- A falling SP in a stock expected to grow its business is good news if you enjoy losing your capital.
- The price is being held down by delays and so dilutive financing arrangements are put into place and despite the story the SP has been and continues in a downward trend for now.
- This is not a day trader's share as not enough volatility short-term - the SP only trends downwards.
Stop providing false hopes for people looking for a turnaround who've been invested here since last year and holding major losses. Chances of recovery of SP in the shorter term are low. As much as I wish for SYME to make it, the SP to date has destroyed many people's wealth.
You're obviously disingenuous or numbed.
"If the CLN element of the agreement had been activated, we would have had that information via RNS. We haven't, so it hasn't."
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Hmm....it has now...I think it was pretty obvious that the conversions would start taking place.....this morning's RNS is s sign of more conversion to come and sadly could last longer than people think.
"Haven't sold any shares as being a LTH the sp is going to reverse direction within the next few weeks."
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Sadly not. The market is telling you otherwise...we continue the downtrend over next few weeks. If anything perhaps reduce positions to generate cash and buy back in at lower price. GL.
"This will rocket now that the tree shake has been done"
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Toli, for the love of god, please give it a rest..these types of posts are just as annoying as some of the derampers that posters like to attack. Did you not see Buda's excellent post or are you just disingenuous or simply numbed?
"The Board of Directors now expects a binding contract with the initial Inventory Funder to be finalised prior to 31 December 2021.."
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Given their track record whose going to believe that too won't be delayed come December. Any rise (no matter how large now) will come off from these lower levels..so in the bigger scheme of things (especially those getting in since last year) it's not very impressive.
"However we do not yet know HOW they are repaying so it's a guess from anybody at this stage."
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If they used the conversion to pay first instalment end of October, then SYME obliged to inform the Market upon issuing of new shares ? So I will assume for now they repaid the first loan instalment+interest in cash.
We are seeing transactions regularly being identified as "sales" outweighing the buys and the volumes have been low - Again I can only assume that another party is taking the other side of that transaction i.e. buying to keep the SP within it's narrow range. Interesting but can be frustrating at the same time. GLA.
...the only interesting posts over the last few days were the ones discussing the nano-tech v** and people's perspectives on it but unfortunately those posts were removed (unlike the boring exchanges between two posters last night and the constant repetitive postings of some of the so called LTH's who never sell but always happy holding at a loss. We live in strange world indeed.
BTW I do expect the SP to change its trajectory upwards but keep moving the timeline. Still plenty of time to add more (and of course be happy you hold at a loss - insanity being the norm these days).
Stay well, stay conscious!
"perhaps because there is less good news on the way like a placing or decision to go with the CLN option from the lender"
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Absolutely valid point and if that were to happen before any uplift in SP from key news flows like Sharia Fund or first IM, then PIs are being continually played.
There should really be no more excuses for this depressed SP at this stage and so for now until proven otherwise (like announcement of new placings etc) I will assume the SP is being held at these levels for the transfer of shares...we will find out during December IMO.
“Let’s hope we have a positive news rich November :)”
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Yep, one can hope but I’m expecting more of the same as last month i.e. not much news during November, as they continue their rounds speaking to IIs presenting forwarding looking numbers not yet made public. So I suspect a rich news period following new II investment ie some time in December.
Impressive indeed. Looks like the risk aspect of the business is being addressed properly. Here's a write up from his linked in profile as well:
" After a very successful 25 years as a Finance Director in Financial Services, I retired from Lloyds Banking Group (LBG) in May 2015 and have built an excellent portfolio of Non Executive Directorships (NEDs).
I am a member of the Board, Risk and Chair of the Audit Comm. of HSBC UK Bank plc and Board of Marks and Spencers Bank plc and Chair of the Board of MSUTM and HSBC Trust Co (UK) Limited. Until Aug 2018 I was a member of the Board, Audit and Chair of Risk Comm. of HSBC Bank plc. I am also Chair of Supply@ME Capital plc, a member of the Board and Audit/Risk Chair of Scottish Water, the Deloitte Oversight Board and the Senior Independent Director to the Board and Chair of Audit Comm.of Honeycomb Investment Trust Plc.
After graduating with a degree in Law and Accountancy from Glasgow University, I qualified as a Chartered Accountant with KPMG. Prior to joining Bank of Scotland, in 1990, I spent 10 years in the oil industry holding senior positions with BP. I became Group Chief Accountant of Bank of Scotland in 1998.
In 2012, I was appointed Group Financial Controller/Deputy Finance Director at (LBG), having previously been Divisional Finance Director, Group Operations. I was a key member of the LBG Finance Board, leading various projects on for example, IFRS and managing down the Group wide cost base. Also gained extensive experience in Strategy, M&A, Risk Management and all aspects of Audit, Finance and Accounting from 25 years in the industry.
I also sat on the LBG Scottish Executive Committee and I sponsored the Contingency Planning Project for LBG on the Scottish Referendum.
Formerly, I also was Chair of Worldfirst , sat on the Board of the Scottish Building Society, the Board and Chair of the Audit and Risk of Committee of Voca Link Holdings Ltd, on the Board of Scottish Financial Enterprise and a member of the BBA Audit Committee and various FRC committees.
I am a Fellow of the Chartered Institute of Bankers in Scotland and a past member of the Council of the Institute of Chartered Accountants of Scotland.
In summary HSBC Bank Board 2015- now, M&S Bank Board 2015-now, Supply@MECapital plc Chair 2021, Board and SID of Honeycomb Investment Trust 2015-now, Scottish Water Board 2016-now, Deloitte Oversight Board 2019-now , World First Board Chair 2017- 2019, Lloyds Banking Group 1991- 2015, BP Group 1981- 1990 and KPMG 1977- 1981. "
"Shallow Hallow, Obviouslyy made some difference, i got 10 recommeend to your 4 looser mates !"
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You're obviously more popular than I am, good for you.
Let's hope SYME will also be popular with II's and then I too can celebrate.
"At what point do bulls accept that they've got this spectacularly wrong?"
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I think some of the genuine investors admitted we got the timing of entry wrong but the fundamental disposition remains and SYME will come good. I can see SP starting to reflect future growth around mid December 2021 (just in time for Christmas - now wouldn't that be nice - for some of us at least). GL.
“I still think we have more chances to buy in at a lower sp in next 4weeks.”
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Absolutely…couldn’t agree more. Only first IM will change this downward trend in SP. IM won’t be release until they get IIs on board, as they do the rounds with the business plan IMO. Let’s see…