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You could argue that it is expanding at the cost of more debt which has SO FAR not generated enough revenue to make a profit. Hence the high risk nature of a start up, will we eventually start generating meaningful revenue to actually make a profit or will this not happen.
Up to you whether the risk is worth the reward. It is for me and the more these accounts tell me its a dud the more I will dig in, not necessarily invest more. To many accounts whose stories don't add up or appear out of no where to only do one thing and attack syme, coupled with the fake websites and then dodgy ramping article (purposely done to put others off imo) just shows to me there are individuals who are determined to undermine SYME and are certainly not doing it our of the goodness of their own heart. No AZ hasn't done us any favours, made some rather poor choices and clearly we were not "ready to fly" last year like he said. Was it intentional? Personally I think not and each time he made these comments he firmly believed they were true, but lots of things changed and SYME had to adapt causing the delays and issues. A harsh lesson for him and the comms reflects the change in this area. I do hope SYME starts to deliver for us PI's but will be a giant middle finger to the naysayers.
Good post Knowles. I didn't expect the contract to be signed otherwise we would have heard about it sooner so today's news and price drop was expected. The issue around the 10% of the FB bank is an interesting one and could be viewed in either light. SYME no longer have the funds in order to complete the purchase or as you have said that the FB no longer want to sell. The FB not wanting to sell I would take as a positive (if that is indeed what has happened) as it means the bank wants to keep more of the fees generate or part of the initial agreement was for SYME to buy to provide some safety for the bank which is no longer required as they are happier with the risk. That being said its hard to judge without knowing the initial rationale for SYME buying 10% of the bank to now not doing so. Clarification around this would be helpful.
The recent low of 0.13 to now 0.22 is a touch more than 10% don't you think? Regardless this doesn't tell me either way how the market will react, only plenty of people buying in in the HOPE it is. we will see tomorrow.
Best err on the side of caution demolition. Not a great track record for AZ and Syme when he has said "expected by X date". A calculated high risk if your buying in now for a quick trade on the basis that we will get news this week and I expect a drop if we don't get an RNS. But long term I'm not concerned if no RNS comes this week.
We've seen SYME do this before, rise considerably over a couple of days and then all of a sudden we stopped and just dropped again. The markets only been open 10 minutes so still a long time to go and anything could happen.
Ok john let me spell it out for you. Pillow says he is 40K down, which he could well be. But he has now claimed to have a contact high up in the financial sector who has negative views on Syme. Now don't you think that someone who actually has those kind of contacts would have seeked their view on syme BEFORE investing? It makes no sense and why I believe that some or all of his posts are fabricated in someway shape or form. I would also point out this is just a view without any way of knowing for sure. This brings me onto your "it ain’t going to happen" Your stating that as a fact, it is not. Its your point of view and the only reasons you started posting here as you have a personal vendetta against Blockchain who you BELIEVE had a previous account on LSE. Again this is a belief without any way to prove this with any certainty. Anyone claiming to know how the future of syme will play out is being extremely arrogant and we aren't short of those characters on this board.
Wiggy that account your refferring to on Twitter has had mutliple accounts and each one eventually gets suspended. I lost count how many he is on and his last one was suspended after he copied mine and other accounts. He then tried to claim how he bought in right before the last spike and sold right at the peak which is highly unlikely. Most of these accounts are just trading it depending on their position at the time. I mean look at lloyd phillips, made the mistake of admitting to doing just this, right before overnight getting 5000 followers and then deleting his account after his "interesting" past caught up with him. He's even back now attacking SYME and you know its him as he is called LLoyd again but also posts the same god awful "charts" on twitter lol
Those posts are hardly lies and are based upon the news we have been fed by the company. However I do agree in the light of the SP action posting those type of posts are not exactly helpful. However I expect they are only done to annoy the non-invested which does seem to do the trick.
"TheDonofDons
Posted in: HUR
Posts: 1,122
Price: 1.081
No Opinion
RE: Don't worry be happy01 May 2021 11:31
Yes, we are trying to tell you this has shed 99 pct of its gains since the highs
Wake up and smell the coffee"
HUR sat 300% up since that post of yours.
Most posters have been on this BB way before Blockchains account was even created therefore your "warning" is ultimately pointless and you also have no proof he is who you say he is. Even if it was the case, it wouldn't make a difference as no one should be making decisions based upon posts on this bb, which again begs the question why many non-invested waste their time on this bb. Bragging rights perhaps? almost akin to those who hunt for followers on Instagram or twitter from complete strangers for their own self gratification.