Member Info for Hallowed

"Hallowed, longer term? The longer they leave it the higher the SP hopefully so surely leave them longer is counter intuitive"
---
The warrants will be issued immediately preceding the request for the (two) drawdowns - so they'll get their first warrants on first drawdown (20% of £5m) and not exercise them until the SP is significantly higher to where it is currently.

Btw my post was aimed at Extader of course - I was simply reacting to his point "....making the effective annualised interest 2 x 10 = 20 %."

"So a flat rate , lump sum interest charge on an amortising loan has a much higher true interest rate than the declared 10%".
----
Seeing as the loan term is only for a 12 month period, then surely the maximum interest can only end up being up to 10% of the drawdown (notwithstanding they end up paying more interest at the beginning of the term than at the end)?

If the loan had been > 1 year, then of course they would end up paying total interest equates to a higher percentage of the capital v the annual % rate of interest.

I could be missing something here...but IMO stating true annualised interest rate as being 20% is simply not correct. Anyone else agree?

Cashing in the warrants.....all depends on SP targets and timeframes. Any disclosure of warrants being issued does not mean to say they would get exercised immediately.

One would ideally want a low exercise price to take advantage of the expected uplift in SP/ MCap over the next several years. So IMO these warrants as more longer-term.

Rosie sees only what she wants to see and so fails to put things into context.

First, we no longer have new dilutive CLN’s in issue at this point in time (and for sake of argument let’s assume Negma are now out).

That leaves an unsecured non-dilutive ST loan @ 10% which is fine as indicates cash generation over next 12 months should be sufficient to cover loan repayments. Otherwise why do it?

Second, the warrants in the absence of creating fresh CLN’s are overall favourable as this type of lender would only take up the warrants if expect SP to substantially rise following the take up. Otherwise no point.

Thirdly, Rosie does come across as being too one-sided, so perhaps not being entirely genuine.

Some folks (including LTHs) need to get a grip of themselves.

Loan finalised means Negma are essentially out - good.

Better for loan not to be linked to CLN’s - CLN’s (as already seen here) are dilutive in nature and lead to a falling SP (so mostly a mechanism to raise cash at expense of PIs)….SYME ideally generate enough revenues to repay this loan in cash. (The warrants as explained in RNS are fine - they merely allow lender to benefit from a rising SP in the future).

Nasdaq listing is red herring at this stage….Only a study is being conducted / the company needs a trading track record and so IMO at least until H2 2022 to prove sustained growth).

SYME need proper catalysts to move the SP and if IIs get on board, let’s hope they buy the free float v placing shares at discount which is another ‘useful’ mechanism for raising cash at expense of PIs - I believe it won’t happen here as revenues already being generated this year.

For genuine PIs who got in last year this has been a long painful journey as reflected by the SP.

Talking about patience and looking back at past RNS's...it's been over a year since we were first advised of the CB initiative (RNS dated 21.9.20). An extract:
"the Bank's indicative cumulative inventory funding targets are estimated at:
o €4bn by the end of 2021
o €5.5bn end 2022
o €7bn end 2023
o €8bn end 2024 "

If CB funding does get completed soon and platform has now gone live, then surely SYME could still end up monetising in Q4 2021 at least £0.5b (less than 25% of above original estimates). Assuming on average a 2% fee this equates to revenues of £10m.

These revenues are in addition to those expected for 2021 as disclosed in the last trading update (i.e. £4m-£5m which exclude CB).

If this ends up being the case, then SYME would be obliged to issue another early RNS to inform the market of exceeding revenue expectations for 2021......and that would make the SP soar!

Doc, silence is golden as there is nothing new to discuss and thank god some LTHs have used the filter button to stop responding to the disingenuous/bitter posters.

Or perhaps a mixture (with debt financing thrown in). The wait continues…

I saw the going concern qualification in the auditors report - CEG need to raise funds fast and that means either the elusive farm-in (ideal to boost the SP) or more share dilution.

As for farm in - they have to renew the licences first (yet to be done), extending for another 3 year term and that’s the last extension - so IMO a farm in is a real possibility.

I really don't know how the SP is going to move over next few weeks depending on what is released, however it is clear that SYME is now looking to attract large IIs that want in on this journey.

To achieve that, AZ has intimated he needs to show them that they are now up and running properly (meaning already generating different revenue streams to show their diversity and geographical spread)...so at some point a re-rate must be on the cards. GLA.

"System looked a bit “amateur” and certainly not bleeding edge or leading edge…..basic at best."
---
It's the tech behind what you saw that is leading edge (blockchain, IoT etc). They also showed what the customer sees which is supposed to be user friendly.

The DD is the difficult/complex bit but once that's done the rest becomes almost a formality like putting in a request for payment of funds (but getting there was difficult - like applying for a mortgage you go through a ton of paperwork before getting the actual funds).

Furthermore their whole business model is workable and independently confirmed by a key (as AZ said 'important') player - that's the most important thing.

RosieNas, no abuse from me but I will say that you see what you want to see.

AZ was at pains to point out that all components are in place now/we are live with the platform and we are (already) on target for expected revenues FY 21 (which might even be exceeded IMO - all part of the 'new' under-promise/ over-deliver approach to communications).

Stay tuned and GL if you're invested/decide to invest!

Peak, that was my understanding too re FB - he said 'not rushing for completion' (so long-stop date could be extended after all) and this could be due to availability/advancement of other (larger) funding streams. Not only CB but also opportunities with 10 others (the 'white-label' being a big boost).

IMO whole purpose of this presentation was to put our minds at rest that ALL components are in place to allow dramatic scalability. We are live now and our tech uses Blockchain which is key + looking to integrate with other cos using Blockchain.

Clients = tick, Investors/Funders = tick, Platform = tick.

SYME already on target to achieve expected revenues FY 2021 (personally think this could be beaten) which should underpin our current MC.

Now that all components are in place, any RNS's released from here on in should finally be positive catalysts. SP may not move as fast as some expect but at least headed in the right direction.

In the words of AZ...."snowball effect IS happening".

Agreed, very embarrassing, I couldn't believe it. Mind you, going by all the childish and abusive postings on this BB, I suppose one should not be surprised.

Have to agree....I can see this now doubling up to around first resistance level @ 0.4p and to break next resistance @ 0.5p will need major positive catalysts showing the platform is finally up and running.

Talking about the platform, here's a reminder that Parzival Partners (the introducers) and TF were... "fortunate to have seen the power of the SYME platform in action". So we know it works in principle.
https://pbs.twimg.com/media/E2SzjurXIAAbBfO.jpg

Finally we are due some returns on our investments starting as of this month (not 5 years from now). GLA.

.."I think CF mentioned $1 B for the core business for the first time including possible$250 M bonds. .."
That was Amryt's Enterprise Value (MCap + Debt).
---
Correct, but to add that CF said that was him ambition for ORPH (post spinouts - that was my understanding).

The small change in SP form yesterday is at least backed up by above average volumes today...and if we get after hour buys, then perhaps some positioning taking place for what should soon be news on multiple fronts... Either way, this is a managed SP (as relatively small free float).

52.5m sell @ 15@34!!. Hmm...delays? Let's hope not and that the closing price stays above 0.245p. GLA.

Some huge buys and sells today!
----
Yep, but more larger sells than buys and @ 15:01 bid dropped to 0.245p....not looking great. Perhaps the wider stock market affecting things..who knows or perhaps will be delays here. Really need some positive catalysts here this week rather than end of month. Let's see..