With the volume of sells we have season it would be a reasonable assumption thst DW was selling.
Would make the most sense seeing as he has resigned and has been quite public on wanting to focus on his other business. Only way to verify is via the share register.
Last year there was some right filth being posted on ADVFN, it was unreadable and yet those posters never got banned. Now all of a sudden a couple of positive posters get banned? That doesn't sound fishy in the slightest....
Lets not start this again just because we may have a whiff of blue. Chances are the seller has finally stopped, most likely DW, so any large buys may start pushing us back up. Still a long way to get before a lot of PI's are back to breakeven.
Cookie - I agree that it would be helpful if AZ did address this, he has done so in the past regarding other speculations such as when the SYME LTD was setup up. However as is clearly been evidenced on this board, even if AZ does address some speculation and puts it to bed, there are those who still do not believe it, continue to question it and still think SYME are a fraud, scam and we are being lied to. This is why I said the other day its impossible to have a reasonable date on this BB if you have two sides that are so polar opposite.
"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, a level which is below the threshold requiring regulatory approval. An additional 10% of the Fintech Bank may be acquired at the option of the Company within the following two years which would require an authorisation process through the Central Bank. In April 2021, the Fintech Bank was valued, by a Big4[1] firm, at between €34m - €50.6m."
We buy our 10% stake at the same time as the clients are monetised. Remember the clients have to pay the fee upfront, not further down the line.
"Simultaneously to the successful completion of the arrangements above, Supply@ME will acquire up to 10% of the Fintech Bank" - Not clear but to me that insinuates that we will be using the revenue from the first IM to fund some or all of the aquisition
Because we have seen more than 1 or 2 posters suddenly flip their stance or suddenly appear out of nowhere to ramp heavily (not you). I'm more curious that out of all those who did and still criticise, you seem to have bucked the trend and sound more upbeat now and just wondered what did this.
Sharebel, I asked you a question which you seem to ignore. What has changed your tune on SYME? Back in April you were rather scathing of SYME and in fact called the 1st April RNS "April Food of an RNS". What has changed since then to you make you more bullish or SYME?