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41x trades at 0.0515 so they can sell 16million at 0.05
Just more price manipulation
Ta
But you're correct, it isn't much revenue, but it's about rolling I out isn't it.
On the other hand we said the same on IMs and there's been no major uptake on those as of yet.
I don't think we've had percentage figures of WL deals have we?
Traditional IM is 1.5-3% depending (I think)
Feel free to correct me though, can't remember ever detail after this long
There are websites you can check short positions
Well i opened two spread bet accounts to check and prove the point.. there was no option to short it.
I asked if anyone could prove you can, as I'm aware there's many spreadbet sites, so far nobody has provided proof you can short it.
Shouldn't be difficult to prove if it's possible
Well that's a bit of good news.
I bet them lads are freezing down there 😂
Not to worry, least we've now got your minute by minute posts to help those big traders offload more shares and make more money..
When someone's acting like a salesman.. it's because they're a salesman.
"AZ made the company public because that was the only way he could bank roll a start up...no banks or private equity would be interested - far too risky a business concept."
Yeah that's generally the reason companies list.
"He then got funding loans through third parties securing them with free shares at 0.0004p."
But he sold billions of shares by listing syme , the listing should of raised millions. What did he do with the loaned share money? He didn't invest it into IMs as stated he would.
"The likes of Venus and Mercator got these shares and when the sharp price spiked they dumped these new shares on retail making huge profits for themselves at the expense of retail diluting thecshare price further."
No they didn't, you are confusing the loan companies with the CLN companies.
The CLNs came much later and we only took them to buy tradeflow , a company we couldn't afford and didn't need and subsequently has proven nothing but a waste of time.
We paid a ridiculous figure for it too.
At the end of the day TW is the Sunday sport of financial journalism, he's an extremist with a big mouth. But if AZ shot a straight arrow, TW wouldn't have anything to say.
But AZ hasn't shot a straight arrow has he?
This has been going on for 4 years.
If it was someone only selling we would of had tr1s coming out of our aßs.
Back in the early days everyday was 20-40m blocks out of hours.
How many times do we need to repeat the same thing..
THOSE WHO HAVE THE BIGGEST HOLDINGS ARE TRADING EVERY RNS.
they are bumping the price up with tiny buys then selling blocks of 10m-25m
Then it drops snd they bump it down further with tiny sells and buy back in 10m - 25m blocks
Savvy thinks its the loan companies
I think it's TAG (how else are they making money)
And that's where our major differences of opinion is.
If it was venus trying get it low deliberately they would just unload, not spend time putting £5 buys above the asking price all morning ,.
It's the trader , false driving it so they can dump at a higher price and then they'll buy it back in a week.
This has been going on since day 1 , long before any CLNs were taken out.
3x 25m buys
Followed by
3x 25m cancelleds
Cheers, yeah I found it.
I was looking for that date rns ..
Found this
12 April 2023
Supply@ME Capital plc
(the "Company" or "SYME")
Notification of Transaction of a Person Closely Associated
The Company was notified on 12 April 2023 that The Avantgarde Group S.p.A., a Person Closely Associated ("PCA") with Alessandro Zamboni, a Person Discharging Managerial Responsibilities ("PDMR") of SYME acquired a total of 925,000,000 ordinary shares of nominal value £0.00002 each in the capital of the Company at a price of £0.000513 per ordinary share, details of which are below.
On rereading it states that date lower down.
I hate reading those boxes.. they layout is tosh.
Cheers.
I don't get why I can't see that
Odd.. can't find it in rns or director deals , you sure that's the right date?
" last time AZ bought £4.25k worth of shares at 0.04 and then it went straight to 0.15"
When was that ?
Don't see any record of az buying at that price or amount
"Re point 1 I would not write it off on basis of not being able to fund our pipeline. IF 2020 funding was genuine then why can't we obtain funding now when we are better prepared in terms on the legal framework,"
That's a big IF but yeah I agree 👍
There's two ways a buy out can go.
1. You set up a business , you take it to profitability and you get bought out by a bigger company for more money.
2. You set up a company but lack the funds to meet your customer base , you sell it for less than the current value.
Sirus minerals was a great example of number 2.
They did all the work to prove the had a valuable asset but grossly underestimated the cost of recovering that asset. After many fund rsisers they sold to angelo American.
My shares were worth 12.5p , we got 5.5p per share.
Since I live close everyone in the surrounding area thought it was a dead cert .. till they shafted us shareholders. Of course the ceo got a huge bonus and the employees all got to keep their jobs.
We don't fall into number 1 since we seem to struggle to fund our own pipeline .
So you want to be careful what you wish for.
As for someone wanting a piece of the pie at our expense.
Well we've got nearly double the shares in issue now a we did back in 2020.
So if that's what it's about they could of just issued 30 billion shares and given them to them outside of the market, saving all the spread and fees snd owned half the company and not bothered with funding from CLNs .
The result would of been far better for the buyer and far better for us.
"I can think of lots of reasons why he should and absolutely no reason why he shouldn't , despite anything he may have said , and on that basis i presume that no further IMs have been concluded"
There are lots, but the number 1 reason is , as ceo its his responsibility to look after shareholders, it's a listed company .
I don't care what he says, that's his job.
So holding back news of IMs is going against that considering the circumstances of all our investments.
But on the otherhand, saying he won't announce them opens the door to the same "I wonder how many IMs the accounts will show" comments that we've heard for the last few years..
Which helps those big traders doesn't it.