Member Info for Hallowed

I expected a new share capital subscription but didn't expect this amount of dilution (12.5%) given the rise was at a SP in the 0.01p's (plus 'a few' warrants, luckily a small quantity compared to the number of new shares issued).

I suspect we now wait until June for any major news flows (not before) and then the question becomes how high can the SP go. This being an illiquid stock, the technical analysis is perhaps not that useful but I see 0.05p as being a major resistance level. If that breaks, then who knows how high this can go. GLA.

"I regret buying back into this again and should have known better"

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Unfortunately typical PI mistake...hope your average is not too high. I expect some sort of re-rate once we get IM execution news plus any financing news (ideally non-dilutive). SP unlikely to get back to even half the previous highs though which is tough for LTHs.

The 2023 results are as expected…so no surprises there. Should therefore not impact SP (already at all time low). As AG says, foundations are in place for SYME to start delivering in 2024. Expects more RNS’s soon IMO. GLA.

If they announced no WL deal(s), only then all is lost.

My personal reading of the situation is that ideally they arrange a fresh capital injection by a new third-party long term investor. Then the first WL execution(s) followed by other news flows.

But the delays are killing the SP and the lower it goes, the harder it becomes to recover to anywhere near the levels that for instance LTHs average. I recall one poster mentioning 0.15p which equates to a MCap of £100m (assuming no further dilution)!! Such a MCap can only be justified based on generating several million pounds per annum in revenues....not impossible but the continuous wait is frustrating. GLA.

Some LTHs are rightly upset (I too got burnt on this share a few years back as got in too early). However this time it is different because Syme have now proven the IM concept, created a new fund to support IM funding programmes, major third parties on board including a long term investor (so no more dilutive financing), engagement of BancoBPM for first WL deals etc

Unfortunately I do expect further delays but as annoying as that is, the SP is no longer declining but moving sideways (albeit at depressed levels).

Now is definitely not the time to sell IMO.

* Meant 0.03’s

I think Mr Market is not yet pricing in the significance of the private equity that set up the CH Trading Hub to help fund/manage IM programmes that have allowed for the first WL commitment(s) and VeChain tokenisation framework. All this translates into millions of pounds in fees for SYME!!!

I think once execution of the expectant WL deal is announced with BancoBPM…the SP may not necessarily just spike only to retrace as most expect..I think we could be pleasantly surprised with multiple news flows to help re-rate the SP. Could be wrong with SP back down again in 0.3’s but I’d be surprised.

Will things (finally) kick off in April after all the prolonged delays? Well at least Mr Market will tell us soon enough.

Unless of course Syme really do surprise the market and finally start to generate multiple deals…now that would be fantastic.

“Someone paying good money to buy share warrants “

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Most unlikely IMO…those warrants are way out of the money and very little time value left.

Disappointing that SYME can’t get an external investor to buy up existing shares at this stage of the company’s development and provide funding this way as opposed to non-transparent related-party transactions with AZ/TAG converting loan to shares…such machinations make it improbable for the SP to recover to anywhere near past highs (sadly for LTHs).

To what degree TW lies, I don't know but the benefit is clearly to gain subscribers for his website.

It is true though that sometimes he does get it right, for example I recall a company called Range Resources which I believe he wrote about and also more recently Bidstack which recently appointed administrators due to lack of funding and apparently (according to some BB comments) the IP rights being stolen by Draper, CEO.

We will need more than just one catalyst to get the SP trajectory to finally change here but AZ can still can do it.. in the right place, at the right time...finally (as long as he doesn't steal the IP rights like Draper apparently did LOL).

Meant July 2020

So TAG borrowed funds in July 2022 (secured against loaned SYME shares) and wants to repay said funds but lender not complying? Unless I’ve misunderstand the arrangement, it’s the first time I’ve heard a lender not wanting their money back? Odd business.

"The downside in pretty much any small cap company is always 100%. "

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Of course...but I was referring to the risk of FURTHER downside from the current level is limited.

* should read "...at this stage of the game, as the downside from here is limited.."

If anyone can buy in 0.02p's (i.e. at the recent bid prices, not ask), IMO that represents an excellent risk/reward ratio at this stage of the game over, as the downside from here is limited given the current MCap and expectant news flows. GL.

"Maybe when AZ dreamt up the company name, supply me, he meant supply me with money..."

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LOL....about time AZ returns the favour to loyal LTHs!

The spread on this share has always been high (lack of liquidity in the stock). More sells vs buys today but doesn't mean much due to low volumes. AZ certainly taking his time...to release funding update which is key (along with IM news flow). GLA.

Frustrating for LTHs to see SP still in down trend. In the past, whenever there was a "first" IM, it lead to subsequent SP rises (only to fall back again) but no major rise last time (i.e. first "WL" IM on 3.1.24). So can't even rely on previous price action.

I noted the higher volume of sells this morning but SP remain stable in the 0.03's and so I suspect it was just PIs selling out?

We need updates but the long anticipation waiting for RNS's in the past often resulted with SP subsequently falling. This time round will it be different, as we were told SYME will lose it's 'start up' tag? GLA.

Verizon LOL....meant VeChain

Difficult to say if SP has bottomed out yet or not.

Bad news re lack of revenues and funding is factored in by now and the downtrend continues due to a lack of updates more than anything else. Possibly loaned shares still being used to aid this downward movement?

What remains is uncertainty as to the timing of the release of catalysts re: execution of first WL + clarification on funding. Any announcements re further investment from Verizon or BPM or a new long-term investor would give the SP a much needed boost.