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Peak. I think we all know we are talking about SYME’s usp of IM. And if you expect me and others to now believe anything about what AZ says then you are delusional. Show me their signed off accounts that have been approved by auditors and the the FSA then I’ll happily concede.
And I try not to make predictions on any share, which is why you won’t hear me commenting on daily share price predictions. But in my opinion, we will probably get another piece of good news from AZ about a’deal’ but when the basics are revealed, it amounts to little to no revenue for SYME. But good luck anyway 👍
Havoc. Agreed. High West Capital (one of the three loan share companies) did it and it doesn’t appear to have done them much good!!
https://highwestcapitalpartners.com/press-releases/high-west-capital-partners-responds-to-fraudulent-defamation-scam-and-fraud-campaign-issues-additional-cease-and-desist-letters-to-numerous-sites-including-youtube-via-legal-counsel/
“ my experience is about tackling wrong doing which I will if needed.” Then start tackling AZ and your cronies who have attacked anyone who pointed out the flaws in the company and got so many useful threads deleted. Wake up and support those who warned you.
Lucky. Great post, and sums up him and his followers to a tee. His quote re the ‘detractors’ “I will deal with this trust me” is absolutely laughable when the same ‘detractors’ were warning of the loan shares and companies back in August 2020, something that he is only now acknowledging. Absolute clown who has assisted AZ and DW to fleece many PI’s by deleting the warnings.
Johnbri. Just when you thought it couldn’t get any more stupid, Parm turns up 😂 All we need now is Johnski, Spotify, Exo and some of the old school abusers and we’d have a full house.
#deluded
#makingdomrich
#believinginthebeardedwonder
Micky.
This whole company and its connected partners (RTOP, ECP, IWEP, Tradeflow, TAG) are one terrific money making machine. Unfortunately for shareholders, the money making was never intended for them. There are some rich people walking around today with your money, but no doubt some will focus there hate on the bad guys who told you this was happening 3 years ago.
Green. Nope. Can’t help you on this one. Back in the day when the SYME website was first launched it only had a contact for investors (pi’s) but nothing for funders or client companies. This was pointed out on many occasions by myself and others on LSE (shouted down by the believers and posts deleted as usual) with the excuse given that SYME had more than enough clients so why bother recruiting others!! The company eventually produced a further contact email address for clients. 3 years later and how many of these client companies have confirmed business? Nothing to see here!!
Collis and James have already been paid their £4m in cash plus shares. From what I can see there is no details in any RNS or company statement that says if they pull out of SYME they ‘HAVE” to buy TF back at fair market value. Only “MAY”. So they have been paid in cash plus share valued at the time at £7m plus taken a wage for 18 months or so for a loss making/lifestyle business which only operates because of their involvement. So why would they even consider buying it back? And if they don’t, what’s it worth to SYME after they’re gone. Any protected Fintech? Anyone know the contract details? Unless someone can show me the evidence, can anyone explain why they would consider buying it back?
Oh and sorry I forgot. As a matter of balance, I repeat what Savvy has stated on many times, ignore the detractors…
https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/4022460/trustees
Charity reporting 1135 days overdue. She should fit right in here.
Lucky.. Yep. Self valued SYME at £220m+ which allowed the founders to take £42m+ from the business. Been taking out more in lifestyle/share sell offs/loans ever since. Then rinsed and repeated with Tradeflow which was again overvalued at £31m with cash paid to the founders and £2m to the valuers/organisers. Seriously??? Just look at what DW is currently doing with ZAMAZ Plc. Rinse and Repeat. As someone else said, Leopards and spots.
Hi Steve. It’s Saturday night and f’all on TV.
I’m trying to understand your argument with EX. It appears that you believe you know who carried out the valuation of TF and it was’nt Parzival or Holiday as per your comment “ Finally, I do have a view as to who undertook the valuation Ex, but it is pure speculation and opinion. I can say I do not believe it was Holiday International though.”.
So what you appear to be implying is that Parzival and Holiday got paid £2m as introducers/intermediaries, but the “independent” company carrying out the actual valuation work got paid nothing. Or are we expecting a further RNS relating to additional fees to a company valuing a loss making business at £31m?
Accounts are what they are. The believer’s will look for positives, while the non believers will look for negatives. What we can look for in the accounts is what’s in the future. I’m guessing that customers likely to sign up for finance (I wont call it IM until it is proven) in the next 6 months will have paid the DD fees. Can the accountants on here on either side of the argument identify how much of DD fees have been paid? I believe it was around £16K per company, so 10 future clients would be £160K.
Within the RNS is this;
“Of the £0.3m of inventory monetisation revenue recognised in the prior six month period, £0.2m related to an origination contract entered into with related party, 1AF2 S.r.l. In connection with this contract, 1AF2 S.r.l contracted with the Group to perform due diligences on those companies that it had originated for the Group”
So even if they received the fees, has AZ in his wholly owned company taken all the proceeds?
Just a thought.
As mum says, it will all come out in the wash..
Arty. You state -
“SYME is just over 24 months into its journey yet have achieved a huge amount in terms of infrastructure, legal and commercial developments"?“This is honest and fits with prospectus timelines”
From the commencement of dealings statement “Supply@ME was founded by its CEO, Alessandro Zamboni in 2017” and AZ has mentioned the concept being developed in 2016. If no “infrastructure, legal and commercial developments” was in place prior to the RTO in 2020 then how did they get to value themselves at £220,000,000.
Your post has already received four likes yet I would suggest it is is misleading rather than ‘honest’ and highlights the main reason so called ‘detractors’ are still here.
That’s just what SYME needs, another partner to accompany all the others. Doesn’t mean a single thing until one of these over promoted ‘partnerships’ leads to a financial transaction. Just like the rest of them!!
20/04/2020 - Stormharbour
10/10/2020 - Imass LLC
4/9/2020 - Epic SIM
21/09/2020 - Partnership of the "Financial Partner" Quadrivio Fund and SYME's shareholders, 1AF2 S.r.l. and The AvantGarde Group S.p.A. to acquire a bank in Europe. (Captive Bank).
22/10/2020 - Anthony Brown and the Trade Advisory.
30/10/2020 - “SYME confirms that it has agreed to partner on an exclusive basis with a global investment fund”!!
11/01/2021 - Lenovo Financial Services META LLC
29/06/2021 - Fintech Bank
09/08/2021 - Apex Groups
23/11/2021 - Intesa Sanpaolo Private Bank (Suisse) Morval SA
18/02/2022 - DP World
18/03/2022 - Conduit Securities Pte Ltd, (SMAT)
27/08/2022 - Venus Capital (more a CLN provider than partner)
28/06/2022 - VeChain foundation
All touted as the next great thing to get SYME flying. You’d be in danger of thinking this was leading to something until you realise they have provided nothing of substance.
Sharkie. I presume you are asking me. I make little comment on the effects of IM on the shareprice, as from what I can see, its a gimmick (hence the copyright of the phrase) which has no meaning until a transaction is completed and approved by auditors. ‘IF’ they get a ‘deal’ across the line, then it could be 12 months + before it can be truly classed as IM. But the lack of take up by funders/customers over the last 6 years trying to prove the concept, probably tells you all you need to know. In the meantime the insiders valued themselves at £224m and floated in an RTO, walked off with the money, sold you another loss making business they valued at £31m, a report into which they should have posted with companies house, but have decided not to, and are now doing all they can to convince shareholders that it’s just bad luck…