Member Info for Hallowed

Ex, would you care to give an opinion on where you see the SP over next few weeks and months? Continuing the downward trend or do you see a reversal happening? Cheers in advance.

“It doesn't tell you when the loan is available (and drawn).”
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Agreed…they are unlikely to inform us ‘we’ve signed the definitive agreement and have drawn down’ to settle the residual portion (£2.1m) of CLN with Negma.

However, let’s assume Negma started disposing of their shares (up to max 25%/day) the day after the RNS of 2.9.21 - based on an average of just 350m shares x 25% = 88m/day.

This means Negma could already be out over last 10 days (as that is their M.O. as part of issuing CLNs).

Assuming the definitive agreement is now signed, Arc loan can be drawn down and Negma repaid, then no reason to deny that the:
“exercise price of 130% of the lowest closing VWAP over the ten days immediately preceding the issue of the loan”…is not now taking place.

Personally I think that would make sense. GL.

Rosie, apologies, that should have been addressed to Holly14. Her last post on SYME on 27.8.21 re shorting SYME:

“ Talking of ebbing away, could have invested in Syme 50% rise over the last Month. Good by any stretch of the imagination”.
Burnley, you are right. This share is perfect for the pumpers and dumpers. I wish I had done a bit more trading on the back of the pumps, but I haven’t got the time or inclination to watch shares 24/7.
So I bought on the way up and shorted for the long way down.
Daily ups or downs make no difference to me at the moment.. "

Rosie, I asked a while back regarding your shorting SYME, what trading platform did you use..as I can't find any platform that allows PIs to short SYME? In the past I have used Lloyds Bank, UBS and Swissquote and none of them facilitate this. Thanks in advance.

Typically, genuine holders are not good at assessing when the SP will re-rate. Go back 12 months and the reality is that the SP hasn't responded well to news flows.

I suspect completion of FB transaction (just like acquisition of TF) will not have the desired effect on SP (as it's already anticipated) and this will give the trolls more ammunition. Genuine holders need to stop taking the bait by responding to them as it helps no-one. A quiet BB in the absence of nothing new to discuss is more inviting than a disruptive one.

As for first IM, this could take longer than expected, so best be patient and no silly SP predictions...we were told £5m revenues expected in 2021 and somewhat worryingly it has had zero effect on SP.

So this smacks of being a managed SP but nevertheless we continue to hope this month will be different. GLA.

SC’s long list of pertinent questions shows the degree to which PIs are legally allowed to be kept in the dark when it comes to small cap / AIM stocks…not good.

Rights issues better than straight placements - however depending on the terms, many PI may not have extra funds to buy the shares - in which case further dilution. I hope they don’t issue new shares at current price (or lower).

We really do need need to (finally) raise the SP first…otherwise we are constantly being tied in/diluted within a SP range - hence can’t re-rate.

Any news flow should of course be tied to raising the SP - that’s why we invest/trade. Otherwise we’re being shafted. Let’s see if they play this properly….

Interesting to note the recently passed resolutions re cancellation of PRE-emotion rights combined with allotment of new shares up to a nominal value £ 130,365 - translates potentially up to 6.5b (130k / 0.2p) new shares?

Does this mean they could do a “rights issue” to raise new capital and we too would be given the opportunity to buy in?

"They also don't have any idea what a good SP is, Robin Young has proven that to me in person when I've asked him what he thinks of the current SP. Each time he's said "its a good price right now" only for it to fall lower."
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Well, what did you expect him to say? Actually, he's been quite astute not to have bought many shares knowing there would be no JV any time soon.

Apologies for inadvertently posting twice...my laptop playing up.

A more pleasant BB today....good consolidation happening around 26p-29p range with good volumes (not dissimilar to what happened at beginning of previous month before the SP doubled).

I expect the FB news sooner rather then later. However, if they left it until end of Sep that could indicate potentially bad news with a possible extension of long-stop date. So let's hope we get news next week followed by first IM news by end of month. That would be ideal.

GLA.

A more pleasant BB today....good consolidation happening around 26p-29p range with good volumes (not dissimilar to what happened at beginning of previous month before the SP doubled).

I expect the FB news sooner rather then later. However, if they left it until end of Sep that could indicate potentially bad news with a possible extension of long-stop date. So let's hope we get news next week followed by first IM news by end of month. That would be ideal.

GLA.

The SP remains at a depressed level despite all the developments this year and finally an outlook saying SYME expected revenue of £5m FY 2021 and replacement of Negma CLN with a plain loan but the SP is not reflective of any of this.

If SP doesn't re-rate this month following more news, then something isn't right (of course this has nothing to do with the trolls placing doubt but clearly the SP is not responding the way one would expect it to).

Hmm...

“…there are a lot of impatient investors in this stock hence volatility.”
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Couldn’t disagree more…PIs on AIM often end up as LTH, so their patience and forbearance is unmatched. It’s precisely the lack of volatility that makes this difficult to trade/invest in.

“I disagree that AIM is a scam..”
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Agreed… companies on AIM are legally allowed to be non-transparent and dilute PIs (such that most end up with paper losses at the very best)….so not a scam, not illegally anyway (but legally, questionable).

“Sometimes stories spun by boards turn out to be false..”
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Ah, yes… those were the days with great hope of a rise in SP back towards all-time highs and making massive returns….typical LTH dreams (not surprisingly Sprott never invested here) but now no more stories….only hope and larger paper losses.

"A small oil company producing oil, not many get that far
A whole Saffron field development ahead
Suriname drill to come"
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Hmm......we sort of had that back at the time when the last placing was done at 3.5p and we are......hmm...at 1.4p based on massive volumes of a whopping 2.8m shares so far (worth around £40,000 - back in the good old BPC days, even I held more shares than this) .....hmm, must be news incoming....hmmm....perhaps the farm-in, after all they said they were in talks.

OR just maybe this is an orchestrated rise for the foolhardy PI (until proper SP catalysts are released. - if at all)

I'll let you people decide. GL.

How it’s funded matters very much and the amount.. as it impacts the SP.

In RNS they give the impression they saved shareholders money… I find their disclosure somewhat opaque.

Re 30% dilution…this is a lot and it could mean no chance to top slice before drill.

Still too many unknowns.

"The Company had previously been quoted US$18.5 million to drill the Jade well with testing of any oil column to be in addition to this amount."
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Anyone know what the above additional "amount" for testing was previously, as otherwise we can't compare properly to the new quote of almost $20m in total?

"Good momentum. I would not be surprised with 30-40% rise today!"
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Really, Bonkers? It's posts like that which can be considered most annoying - well the rise today was 4.6%...so slightly out.

Sharebell, you’re another prolific poster (ramper)…give it a rest mate re Nasdaq..this is something being looked at for the future, not listing next month.

SYME have multiple revenue streams and a plan to role out their fintech platform globally….all this takes time to get a foothold in key countries.

Finally we will start first IM and generate revenues already this year (and the revenue outlook given in last RNS could ultimately end up being even higher in 2021, if deals for other revenue sources get completed like CB etc.

So we’re headed in the right direction and SP will ultimately reflect this but please don’t be disingenuous (or even over-exuberant), as this board has seen it all.