Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
IMO the only RNS's we are going to see are going to be either information about more delays eg issues with production or certification, more options being taken, new director options announcements or confirmation of upcoming dilution from a large share placing (once voted). We can hope for better but past experience surely colours what would otherwise be a reasonable optimism.
DYOR, ATB
GUN
ALBA
MNRG
HOC
UFO
Also saw this on London Stock Exchange... briefly.
???stop loss triggering - not sure if this is possible pre-market.
Either way - saw this opening at least 35... things might get interesting!
GLA... Well done all for holding and staying patient! :-)
Manifesto... care to revise your reply?
...more options taken?... TR-1?
Unless TB has sold all his shares already we probably won't see pumping news, in fact if anything probably some releases about machine malfunction/misadventures, or an issue with certification, etc etc.
GLA!
Theanalyzer... exactly right.
No-one should doubt the legitimacy of Lenovo as an IT services supplier, the financial services office or any relationship. However, all this states is that the IM platform "...will be positioned as an alternative solution..." within their customer network in the META region. It is a co-operation agreement and that is all. Such agreements, collaborations and MOU's occur all the time in business and don't usually warrant something so significant as an RNS. It just seems to be bait to keep PI's interested; tiny news inflated to "important milestone" proportions in the archetypal over-inflated commentary that follows. Desperation to show some, any, 'good' news = red flag, IMO. Also, that JK quote?!... I bet he was cajoled into providing a soundbite and kept it decidedly vague and non-committal like that. Keeps the fan-boys happy though, for sure!
Are we going to get more of these tedious RNS's over the coming weeks?... for every new 'relationship' with every potential service provider that *might* think about offering the securitisation?
Anyway, you can spin it/cut it any way you like... and, in the background, the selling continues in much the same volumes as before.
The old adage that it is always harder, and takes longer, to deliver bad news than good raises doubts in some in the face of silence and in the current climate.
There will always be a transition from optimistic patience to impatience... I suspect increasingly pre-summer 2020 holders are taking some, if not all, of their significant profit which you can't blame them for. Well done if you've held strong so far... but everyone has their limits.
Overall, it is sentiment that often drives an SP so its no surprise we are seeing this downward trend. However, if you believe in charts and trends then one might expect another swing upwards by the end of this month - might be before that depending on more solid news - and should reach higher levels than before.
GLA!
"Balance sheet derecognition under IFRS and local standards"...
IFRS 9
Derecognition removal of an asset or liability (or a portion thereof) from an entity's balance sheet.
No-one needs to "approve" the structure and derecognition accounting treatment - it already exists within the regulatory framework, albeit highly complex.
You can sell, write-off, or transfer an asset. Transfer may be conditional or 'pass-through'. Risk ownership would relate to entity control being retained, or not.
Transfers can be with guarantees, or with put or call options at cost or fair value. Offsets for interim profit or loss need to be accounted for.
Reassessment: if an entity determines that as a result of the transfer, it has transferred substantially all the risks and rewards of ownership of the transferred asset, it does not recognise the transferred asset again in a future period, unless it reacquires the transferred asset in a new transaction (IFRS 9.B3.2.6).
Institutions would only need to meet the regulatory framework - there is nothing novel here. Although, why such a structure would be a meaningful/preferential alternative to a bank loan has not been fully explained. If a company maintains control of an asset (to still be able to sell it as per the model suggested) it must retains it on-balance sheet asset, irrespective of securitisation. Hence there remain asset-related risks/rewards and reporting responsibilities. There is no advantage to this kind of financing. A transaction is accounted for as a collateralised borrowing if the transfer does not satisfy the
conditions for derecognition, and the entity recognises a financial liability.
Good ref. doc for starters: https://www.pwc.com/gx/en/ifrs-reporting/pdf/financial_instruments_guide_maze.pdf
(most importantly the subsection on securitisation under derecognition)
NB: The IASB issued an exposure draft in March 2009 proposing to amend IAS 39 and IFRS 7 for
derecognition of financial instruments. However, as of 2010 the responses were largely negative and the focus changed to one of improve clarity and transparency, pending further discussion.
Wine, or otherwise... securitisation, no matter how technically advanced/securely accounted/cleverly monitored, will not be a funding paradigm shift. If the company has the required assets, stability and security to obtain regular collateralised borrowing it would be better to do so, and have far more guarantees and flexibility in how it subsequently manages its (on- balance sheet) assets.
Also, ask yourself one further question, how did SYME (via 1AF2, at the time) recently fund itself (as per RNS 29 July 2020) through loan securitisation using 5.8bil shares pledged at market price to three lending platforms?... why?
OK... you said: "These companies/schemes are the answer to your question, some of them are just alot higher than the return predicted here.". So, you did make a comparison to SYME - in clear implication and grammatical terms.
But I'm sure you're correct about one thing... the returns for the examples you offered WILL be "alot [sic] higher than the return predicted here" so thanks for confirming that.
In fact, for your benefit, as you seem to want to go along this line of discourse - returns since 21 Mar 2020:
TESLA= positive 954%
APPLE= positive 213%
AMAZON= positive 170%
BITCOIN(UK)= positive 556%
ETHEREUM= positive 860%
NOVACYT= positive 680%
SYME= negative 47%
ATB
Matulaak7... Genius!
Lets see where this takes the latest plot line... I love this board! :-))
Holly..... absolutely - it would sound beautiful in Italian! Worthy of the great AZ himself ;-))) ... also, I've never seen someone write "fella's" either... the apostrophe is oddly incongruous.
It is almost as if someone is trying a bit TOO hard. And a member since 4th January 2021...?
Adding pictures of a HL account screen grab to justify the information which all sounds very corporate... also very odd. Haven't seen that done on this platform before, its usually more of a Twitter /social media conceit.
Timing is everything I guess - good luck with the investment that's some big bucks, fella. Hope its in an ISA :-)
ATB
Thank you S.A.M. ...and there is the final nail in the coffin.
When someone starts comparing Tesla or Apple or Amazon to this or any other company it immediately raises a red flag. As another example in keeping with your argument - what were people saying about Nikola Corp at the beginning? Very convincing material being published on social media... oh dear, then it sort-of came of its rails. I hear Hindenburg Research is always on the lookout for new companies to investigate so maybe branching into the US market will attract some further and healthy scrutiny? ;-)
(as it happens I invest in the US market and have done rather well out of the last year with both Tesla and Apple... the stock split esp. was most welcome... so this "son" has done OK thank you)
I look forward to being proven wrong any reservations about SYME - I do hope so for the sake those who got pulled in on a spike or are holding big. Honestly.
Good luck to you and have a great 2021 :-)
20.7g/tonne is the yield whether you are mining 100kg or 100 tonne.
RNS also states 36 tonne to be processed = 36 x 20.7 x £46 = approx.. £34k worth.
NB: World Gold Council suggests large, good-quality mines contain 8-10 g/tonne of gold so 20.7g (even as an estimate and in 'concentrate' terms) is doing pretty good. Positive results, IMO
GLA
(its just nice to see the SP above 0.5p... and I think its worth 3.0p in the medium-longer term).
Nice deal worth £150,000 for TB... all will get sold.
Pump-Option-Dump... the cycle continues.
PR is next.
GLA! :-)
Exactly... its b0ll0cks! hahaha
Surely these figures are all fantasy... really? This is a 'dead cert'?... what kind of scheme offers those kinds of returns?
If this was really the case, why is the SP dropping? Is every other investor/institution blind or stupid?
Or, as the usual ramper theory gets trotted out, do only a select few really UNDERSTAND this life-changing, innovative and disruptive financial system of securitization upon securitization upon quasi-asset-based-loan?... hmmm...
SP being played for short-term trading with the usual cycle of inter-institutional liquidity. Options, restructuring, insider selling behind instruments as "an arms-length arrangement with a regulated institutional entity..." [RNS 25 Sep 20 quote] etc etc
DO NOT believe what is shared on these boards as "fact"... hell, don't even believe me :-)
DYOR
I can't believe there are people trying to put a positive spin on this!
Having read the RNS several times, exactly which bit of this is good news?... it takes time to get financing organised and a sudden change comes from what exactly? If whatever the "bank" was had carried out due diligence, and the BoD had all its ducks in a row then this wouldn't have happened. The only options are either (A) the BoD already knew the financing wasn't able to go ahead or (B) new information came to light that had not been previously shared... either way it invites concerns about Trustworthiness and Competence. Which, on the strength of evidence to date, it would seem this BoD has neither.
I wonder how many shares owned by family members/non-board holders were sold before this RNS was released?... we may never know if they fall under the reportable threshold.
The reason for the placings becomes clear. The restructuring that already took place must just have been a stepping stone to consolidating positions for insiders and re-distributing share equity - whether directors are large holders or not, they still have an income from this so the placings and subsequent dilution have paid their wages - and what have they delivered in return?
The only way to obtain more funding now would be more placings and more dilution - several platforms already mentioned by previous posters and none of them will be good for the SP.
Hey ho. Should have trusted my instincts and previous research. Got suckered in by empty promises.
Good luck to any holders moving forwards. Hope you're not too much out of pocket.
The only argument as a positive is that this is surely the lowest SP we have seen in a long time. So I guess, as a punt, you might scoop up some shares as a new investor... sit tight for a year and pray this is another EUA! ;-))
Maybe we'll see another RNS tomorrow when AP realises he has to clarify/make more excuses to desperately hold the SP up... we shall see.
ATB
How many COVID testing platforms are there, and how many institutions and academic teams are already way ahead with a whole variety of systems for lateral flow testing, genomic sequencing, PCR and the like?
Observe the history of the last major BRH darling: P2F and "The Mask To End All Masks"... intra-investment, big sell-out, promise of being well funded (RMS) then see what their board/shareholders are going to vote on in mid-Jan.
A few £million is peanuts in the BioPharm/disruptive Tech game.
But don't listen to me. DYOR.
Agreed... always take profits when you can... esp. when they come with the dividend payment.
Buy back in when the inevitable placings come and options are cashed..... :-)
Yes. Received mine already via HL platform.
...and sold the shares I'd held... jeepers, never thought it would get close to the original buying SP.
Crazy Times... Happy days! :-)