Member Info for Lookingatstars

I am hopeful that's what they will get out of this - cut through some of the red tape and get an accelerated decision at the end of the day. It seems like it got stuck under the previous process, presumably because it wasn't specific enough and left too much room for deliberation. Makes sense to take a step back, reset the bar, have a clear process with a binary outcome and no room for debate. That's what I'm hoping anyway!

Thanks Henry, that makes sense. Hopefully this means that timeframes are now in Symphony's hands effectively - i.e. as soon as testing is successfully completed, the "CPCB" approval will be automatic/ a formality and the 'addressable market' will be unlocked.

Whilst on the face of it this feels like a bit of a step backwards - i.e. back to square one on testing programme, on further consideration this new standard does seem to be set up specifically to finesse and streamline the approval for D2W. It seems like the authorities thought they needed a clearer and more specific standard aligned to the proposed solution. Hopefully this will be a quicker process than last time and its a shame they can't just re-apply the previous test results to the new standard without having to re-run all the testing.

I'd agree Troy, he could have given up years ago if he'd wanted. I'm sure there's been opportunities to sell out at 20p or more over the years if he'd wanted to, and he'd have still been sitting on a good few million quid. I get the impression he still lives for this. Lets hope they don't all die off before they get there!

...he did buy c. 3m at 3.5p in in March '24 alongside Somerston and Indorama as part of the 'Primary Bid'. Don't think anyone else took them up on the offer as they were changing hands for around 2.5p on the market at the time!

Yes I suspect they will either convert at a higher price, or raise separately at a higher price to pay off. They hinted at potentially working with Quantum Leap again.

Pretty bullish supporting statement included, which would suggest they expect to land multiple substantial 'developments' within the next 3 or 4 months (i.e. in advance of the 3 month lead in for the conversion price)

Michael Laurier, CEO, commented: "We are grateful for the continued support of SESR. As highlighted in our previous announcements, we have a number of long-term major developments that we believe are approaching maturity. In light of these anticipated milestones, the Board wants to avoid issuing new securities at current market values, which do not reflect the potential impact of these developments. The extension of the CLNs provides the Company with the flexibility to progress these initiatives to completion whilst preserving shareholder value."

My understanding was that the Intertek results already announced in March have satisfied the Indian standard and since March we have just been waiting for the official exemption to work its way through the Indian Governments bureaucratic processes. I could be wrong but I think all testing has been successfully completed.

Yes they've used this turn of phrase a lot previously which confused me, but I take it to mean little or no extra cost in addition to the cost of the D2W additive itself. I.e. it is a non-disruptive drop in technology which requires no other changes to existing production methods.

This the EUs way of opening the doors without admitting they were wrong in the previous court case, or accepting any liability for damages.

Further clarification out from Ireland. Even stronger as has been cross referenced against the EU directive. EU now officially open for business. Ireland will have checked this with commission and I can't believe the EU would have sanctioned this without accepting its the case so I believe this is the EU indirectly accepting that the case is now proven! Massive news.

There was an ex non-exec director who held a sizable chunk as well - Shaun Robinson. I believe he was an ex-Somerston Director as well. Might have been something like 7 or 8%. No idea whether he still holds but I don't recall seeing any notifications of major shareholding changes for him.

Thanks - I think both probably correct!

Hell of a spread now. Any ideas why so huge all of a sudden? MMs stifling trades for some reason?

You could be if you bought during COVID. This peaked in the 40s briefly when they announced positive corona virus kill test results for D2P contact

Could be update on the India Testing coming. ML eluded to this being imminent on the recent investor update. I have no idea though, just a guess

I always wondered why the SP dropped quite so low between the hearing and the judgement and I suspect this result has been know for sometime in certain circles. My guess the SP will settle back around 4p pre 18th Jan RNS level reflecting valuation of SYM having lost court case. Always someone more in the know than you is my lesson!!

I don't know the Dyson case tbh and what they were claiming, but if SYM do win their case, I would have thought it would be hard to dispute that they have suffered a financial loss as a result, as they have effectively been banned from trading in the EU given that probably over 95% of their revenues over the time period involved have been derived from D2W. To refuse any compensation claim the court would surely have to establish there has been no impact on trading performance?

I don't know about that. I could see quite a few thinking this worth a punt over next 2 weeks. Its been so bad for ages that the downside is limited but the upside if they win the EU case could be massive. A lot riding on the decision I think with a lot of deals being unlocked if they win. Not to mention the compensation if awarded which could amount to £100m+ by now (they lodged over £80m in damages 3 years ago I believe). At this price someone could make large multiple on investment in very short space of time so I think we'll see some speculation. I would buy if I wasn't already all in and underwater!!

Artji, good post. I am inclined to agree. It always seems to be just out of reach. When are some of the '100 customer led trials' going to materialise? Where is the big bread packaging deal? When is the Saudi enforcement actually going to impact on sales etc etc? I own about 0.8% of the company bought between 5 and 10 years ago. I hope CTW is right and given the strong statements made over last year or so about 'transformational' deals in the 'near term' etc (although still waiting - which makes you wonder why they need this Brennan 'the finisher' bloke!), I think they will finally lose all credibility if it doesn't shift soon. I've invested way too much time and money in this share and if nothing 'transformational' by the end of this year then it will finally be time to give up the ghost. I will be gutted as will have wasted 10 years of my life on it. I agree that its time shareholders started expressing their frustration and urgency.