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I agree its the first of its kind however we had the high sp ramping nonsense last year and we have just fallen. But many companies who hit their highs last year have done nothing but fall without any actual bad news. all I have said was I think we will need more than just the 1st tranche of clients IM to get back to recent highs due to all the delays and lack of visibility of what has been going on.
Lets keep our feet grounded. If we IM this time last year we would have hit 1p based upon momentum. This has been completely lost and delays upon delays therefore I cannot see a chance of this hitting 1p after the first lot of IM news, especially after they confirmed the initial tranche will be smaller than expected. Talks of multiples of pennies right now is ludicrous with the number of shares in issue. Personally with the first IM tranche I can see maybe 0.3 hopefully closer to 0.4-0.5 at the top end but we will need more tranches confirmed and monetised before we get back to the highs of last year.
I think it might be 20% max of the total number of ahares in issue post RTO. But they would need to be granted the authority via a vote at an agm. Don't get ahead of yourself JR. The more they raise at the RTO, the more shares that would have to be issued and the smaller the piece of the pie GCG holders will have.
I still find it amusing those who like to keep ppinting out there are over 35bn shares in issue. Yes its a lot but we had 32bn after the rto so we have only had roughly 12% new shares issued (so far) that is not a lot compared to some companies out there. So to me its a none issue in terms of how much dilution has taken place.
Indio you posted that you were loading up on "golden tickets" on AMGO AFTER they released an rns that stated "· As noted previously, the sanctioning of a new Scheme is increasingly urgent. Without an approved Scheme, Amigo expects to have to file for administration or other insolvency process".
I think we can safely ignore anything you post!
Peak, where did you get the 50 per month clients from TF? That was a figure that AZ banded around about a year ago and was the number of clients SYME could on board per month. I don't believe it had anything to do with TF. A lot has changed since then anyway, so I think that figure is a little out dated.
Steveward, this is the issue. They have gone on for months about all the "Rampers" here but there hasn't been much for quite some time as all them have slowly disappeared into the ether. Everyone knows any predictions that are posted here are on the provision that IM is achieved and everyone can see how angry most PI's are with how things have turned out so far. As those those accuse the rampers of causing people to lose money, grow up and actually let people make their own decisions. Anyone who buys and sells off the back of these posts deserves to lose money. No one believes the agenda that they are here to save us little PI's. Just ignore them and let them continue to natter amongst themselves.
The amount of NDA's that appear to be in place, being given a name is a positive step and agreements have been put in place which allows the removal of the NDA. Plus it shows these large entities do see SYME as a credible partner. But I don't think the market has missed anything, the market and shareholders want results, we want IM to have started and numbers given. Nothing else will do.