Member Info for LexLugar208

That's a lot by anyone's standard! Venus is certainly making hay forward selling the 0.05 shares onto mug punters. With loan fees, warrants and venus being based on Luxembourg the centre of secrecy - IMHO I wouldn't be surprised if some related party to SYME is involved with Venus - some professional analysts predict there will be in excess of £1.1m profit to Venus to date. For all of AZ & the TF boys financer credentials, they really are using the most expensive facility ever to keep the show on the road. There is more to this than meets the eye and not just Director enrichment at the expense of mug retail punters!

Note the use of the word “expected”… would be nice to see an announcement when something other than issuing shares and Non Execs resigning has actually happened.

Hmmm,
Yet another strategic announcement which has failed to progress yet helped ramp the SP at the time…

Peak,
You come across as very naive. I take it this is your first investment? whilst the attempted spin to counter the punitive effects of dilution is to be applauded (at least you are attempting to debate SYME not just throw abuse at those with a counter opinion) the reality is the dilution proposed will significantly reduce the value of all investors holdings.

Oh, Wiggy you are still despite having the answers asking the same old questions... You must have asked the same questions more times than SYME has issued shares...

That's quite a response for someone who wouldn't give me the time of day. So you only want to engage with marks/ targets who will buy, so a self-confessed ramper.
So that's how the ramping boiler room gang think!

Jonah,
Yawn,
I’ve answered this question countless times before. You must be another bull who can’t debate SYME and can only comment on a posters holding which is completely irrelevant on a public share discussion board.

Elll can you point to where the strategic plan has been published... This was due for release at the end of April - apart from another death spiral and placing there has been no strategic plan published.

New BoD members - the last 2 board changes have been resignations!

The market still values it as a start-up and there a massive amount of hope value is built into the share price... not as much as at the peak as the markets aren't as frothy as they were. Any further wobbles or lack of progress on IM then the market will start to value SYME as the operational company it is via TF with sweet FA of revenues and loss making.

Don't forget the warrants TheA!

Not only are they able to / have sold for the current tranche for 50% profit they get in the money warrants as in incentive to even deal with SYME. That's on top of the facility fees SYME have stumped up to each lender....

Robbing Peter to pay Paul!

Peak,
Can you help us understand why the last 2 non execs have resigned with immediate effect. Despite having service contracts requiring 3 months notice or has the company delayed announcing the resignations?
Non -Execs are meant to be the independent directors representing shareholders interests and holding the board to account. Rarely will a Non Exec speak out publicly, not wanting to tarnish their reputation by being a trouble making when on the gravy train. Instead a swift exit with a few mutual pleasantries exchanged for PR purposes is the usual protocol.
Either way it’s not going to be a easy sell to dress the resignations as positive.

my opinion and i know many won't care for it as it will be uncomfortable for shareholders and others will dismiss it as it's not spelt out RNS'd announcements is that the placing and new CLN facility will keep the lights on for now, albeit at a massive cost to the company and shareholders.

AZ has accomplished his mission and is moving the IM IP into a new vehicle... He received millions for his loaned shares and will now default on the loan repayment as the last thing he wants is the shares back.
Venus has the dom whites/az fingerprints all over it.... as the facility is highly profitable and has zero risk for venus with the punitive fees and no loss VWAP formula. The strategic review paves the way to hive of IM vehicle back to AZ who retires and SYME focuses on the TF story to deliver the best shareholder returns etc and will be run by the TF boys who consider IM non-core business.
AZ rinses and repeats again.
Non-Execs with a reputation to protect run for the hills (who can blame them) and don't serve out their notice periods and as is customary spout some bulls*1t excuse in the rns resignation announcement - unless the company has been sitting on the resignations and withholds material news from the markets.

It's the voting rights that count and he can't vote the shares as you will recall from the last AGM. Pledged shares are a moot point trying to disguise and hide a sale claiming pledge, not a sale... common practice with equity first type arrangements.

How much of the Venus cash will go straight to the TF chaps - otherwise assuming they are happy / forced to take shares further mass dilution will occur as they will be due payments soon.
If the GM votes down the request to issue shares then its light out time

Just , Castle,
Venus were issued with 2,770,000,000 on the 28th of April so we may not see a conversion until further tranches and the warrants are converted and sold. This first tranche should keep them busy for a while and is currently very profitable as well.
Interesting to see what actually happens to the revised Mercator payment plan. Weasel words have been used by AZ..

"The Amendment is aimed at avoiding further conversions under the terms of the Instruments and allows the Company:"
note the use of "aimed" so might or might not happen

Pursuant to the Mercator Amendment, Mercator has further agreed that the Company is required to issue only one further tranche of warrants related to 20% of the most recent Loan Note Instrument monthly repayment of £678,333.34

Mercator will be selling and converting the latest warrants....

the share price will be visiting the Venus price soon enough... mark my words

Just,
You are spot on with that POV and I said the same the other day - but the rampers dismissed that opinion demanding the proof.
With the fees, warrants and interest... and loans to repay loans... any value shareholders might have seen if the business was able to deliver any business is going straight out the door with the loan shark arrangements. Still, AZ has loaned all his stock and won't be wanting it back - let's hope all the train drivers and musicians are happy with the golden tickets they've been groomed into buying by the TG groups, rampers and promoters..

Negma, wasn’t labelled as a CLN when the first facility was announced, AZ even said in an interview it wasn’t a death spiral…. Peakhope saying it’s not a CLN facility shows he is either misleading folks or fails to have learnt the lessons of history - to much grooming going on in the TG, next he will be saying this unicorn is about to fly.

Mercator buying back the forward sold CLN shares as they are now being paid in cash. This is a minor support crutch for the SP and will be short-lived. Mercator buying will be pushing up the share price and increasing the cash cost to the business and furthering Mercator's profit.

Don't worry boys there will be no shortage of shares hitting the market and with the ongoing CLN's probably plenty of future opportunities to buy at even lower levels than the 0.005 open offer and placing.