Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Marik - the table column you refer to has the header "Pipeline(2)" Under said table it explains that (2) is "The monetary value represents the potential value of inventory to be monetised by these Client companies" therefore I repeat, this is not revenue. Syme will charge a percentage of that as the fee for the service. THAT will be our revenue.
Perhaps you should try reading the RNS more carefully as it clearly states "The monetary value represents the potential value of inventory to be monetised by these Client companies" aka NOT revenue for us.
Regardless of the SP action, the RNS has proven that the concept works, the accountancy treatment works as client have now been monitised. Anyone who claimed to know otherwise was wrong. Pure and simple. I'm not surprised by the drop as many were expecting higher figures but this is just the start. Lets see how things unfold and if they can convert more of the pipeline into revenue.
Don't forget it would have meant the FCA would have had to have acted on TW letter in less than 48 hours. Fat chance of that. And its funny how she bought up the RTO valuation , again, and yet would this not have caused concern prior to investing at the 0.04 level and stopped her buying in the first pmace? Just doesnt add up.
"The Company has entered into an agreement ("Term Sheet") with the Italian Banking Group and the Fintech Bank which envisages:
1. the signing of a commercial agreement to manage both the origination of new Client companies and a multi-annual inventory funding plan; and
2. the execution of a first inventory monetisation transaction involving a portfolio of Italian Client Companies.
Simultaneously to the successful completion of the arrangements above, Supply@ME will acquire up to 10% of the Fintech Bank"
Cearly syme think it will generate enough revenue to fund the purchase. Also it does say Up to 10%, doesnt mean we will take the full lot. I bet the percentage will depend on the suze of the 1st IM tranche.
Holly did you seriously write "And you haven’t yet As far as I can see acquired 10% of a bank, but if you did, how have SYME or Will SYME pay for it as it hasn’t got any cash/income?" ?? The RNS clearly stated that on completion of the bank and first IM SYME would acquire 10% of the bank. You dont need to be a detective to realise that means revenue generated from the first IM (which is paid up front by the clients) would be used to fund this aquisition.
Rosie - when money gets involves its hard to maintain a reasoned debate. It's a fact of life. Families get torn apart when it comes to inheritance and wills etc because of money and greed. Human nature and its also human nature to defend your position whatever it may be.
RosieNas - why don't you go over to ADVFN. That BB is overwhelmingly against SYME and I might also add a number of the members have publicly discuss coming onto this BB for the sole purpose of getting some of the positive posters posts deleted and some even banned. Gotham was the most recent victim of such an attack and if you don't believe me just go read that board as its written in black and white what they did. All Bb's are confirmation biased whether you like it or not. If your positive you come here, if your negative you go to ADVFN simple as that. Also if you keep calling people cyberbullies from this board I think you should just stay away from message boards altogether for your own sake.
Suthy - thats the trouble JR isn't joking, SYME 30p, 88E 50 top slice targets. He's a rainbow chaser pure and simple.
Wasnt that the same thing he posted on SXX how he would dobate to the nHS. Never did. Besides by his own admittance earlier on this year he had list of £50,000 investing. Not suprising seeing as he only ever chases the rainbow. And over 2000 people follow his twitter account for sone reason investor rich (love the irony).
Stop with your ludicrous sp predictions JR. Your only back here after todays rise and you haven't nt posted for months as you were busy jumping from riser to riser pumping away and probably losing even more money than what you have professed to before.
Doctor, we said that before at 0.50, then 0.45, 0.40...you see where im going? Until we get the rns its not guaranteed. And i agree we have a great idea or more talent continuing to join but we do need results.