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Sold half my investment last week at a 70% loss. Running out of patience with Syme, held for 2 years since the inital POP on the scene.
Fed up of the rampers and derampers on here and the lack of activity from the business. Not sure the Crypto plan with VECHAIN is a viable route either. Other half may follow
Great to hear that SYME is fully funded and no longer needs dilution or other financial vehicles in the next year (excluding existing warrants).
I don't want to get carried away, we have had many false starts here. Hopefully we have turned the corner but before we fire the rockets and plan our trips to the moon- caution is still required.
I said I was out of patience and to an extent I still have no patience.
Glad for all LTHs that the first IM is over the line, hopefully this is the start of the domino effect to more and larger IMs.
In terms of the derampers, not sure how you can negatively spin the RNS- you said the first monetisation would never happen, here it is in RNS form.
The market hasn't reacted because the general inverstor feeling towards Syme isn't great and AZ has to answer to that. But this is a start.
I'm probably the same as many others, i'm at a fair loss on this one. Luckily only invested what I could afford to lose, which is fortunate really. Some others may not be so lucky. AZ needs to look at himself and deliver or put us out of our misery...
Held this since just before the astronomical rise nearly 2 years ago (Or maybe longer now I can't remember).
Syme has become a laughing stock and whilst I do believe there are paid derampers aimed at the stock, AZ has given them enough material to work with over the years. Syme has become a business that benefits only those within the company and they hell don't give a damn about shareholders.
Prove me wrong.
Thanks for the info City Blue.
Think we have a dead horse on our hands
We are still waiting for your educated reponse mr Castle-
Can you explain the rise yesterday and through what mechanism that occurred? I know you're usually keen to highlight the downfall of Syme but in this instance of admittedly rare good fortune. Can you please explain it with your infinite wisdom.
Castle, I'll humour you and your negative outlook on the share.
Can you explain the rise yesterday and through what mechanism that occurred? I know you're usually keen to highlight the downfall of Syme but in this instance of admittedly rare good fortune. Can you please explain it with your infinite wisdom.
No real basis for my prediction on this. So please take it as a pinch of salt (my crystal ball is also very bad at predicting these things)
I do also envisage a consolidation at some point as well, because having this number of shares in play is not a good look.
Without the consolidation I can see 4/5p being realistic in the next 2/3 years with a nice tail wind. I think we will hover around 1p within a years time.
Nice to see some glimpses of positivity on here, it's been a while!
Following from my last point, I'm glad AZ hit a deadline as such and I'm looking forward to seeing the details next week.
In terms of the usual detractors, a non-viable company/ business model doesn't complete a monetisation worth 10 million on first offering. Of course we don't know how much money we will make of that at the moment however if that's the value of the first of many. Things are looking very rosey!
If the IM is done and that's what shareholders have literally been waiting for... wouldn't it be stupid of AZ not to RNS it?
Likewise he has said in an interview it's ready for the end of the month... surely he'd want to make this announcement and put some meat on the bone as opposed to putting the metaphorical noose around his neck?
I suppose we will have to wait until the end of the month...