Member Info for marik

"With the exception of the early publication of negative AVA6000 data, I'm pretty confident this share price bounce will continue back up toward 200p (and some!) in the coming weeks."

Completely agree, the upward pressure from the AVA6000 trial will push the share price north. Fantastic post and highly appreciate the quality of your posts and analysis.

Fair point sharebel, I guess the penny hasn't dropped for the simpletons.

Agreed, huge demand.

Now that the direction of the company is clear and the basics of what phase 1 and phase 2 have been defined, the penny has finally dropped that the recent news was positive. Helium One is on the rise and looking very promising. I continue to buy.

GLA long term holders.

It's positive news.

@theanalyzer/@extrader, I caught both of you out trying to pull the wool over investors eyes (1). I thought you would have learnt, I guess not as you are at it again.

https://www.lse.co.uk/ShareChat.asp?ShareTicker=SYME&share=Supplyme-Cap&thread=9C1A4BCB-980E-4B47-9294-BA08A09F6834

Great work by AZ, it's the right way to go and the market will react positively to this over the coming weeks.

"At the same time SYME will work closely with ARC to further explore a dual listing on NASDAQ. In this regard, SYME will benefit from ARC's expertise in supporting foreign issuers on their journey onto NASDAQ and post-listing."

@TheAnalyzer, we started the discussion when you said that you disagreed with my statement: "SYME have a good track record".

To counter your latest statement, and as you've missed the statement, I've copied and pasted for you from the interim results [1]:

"They do not include all of the information required in annual financial statements in accordance with IFRS and should be read in conjunction with the consolidated financial statements for the period ended 31 December 2019."

They clearly state that they did not prepare them according to the IFRS in Interim Results for the 6 months to 30 June 2020.

As the two accounting methods were different, it's like comparing apples and oranges. Following on with the track record issue, you went on to state that SYME:

"became aware of the error in preparing 2020 year end accounts with new CFO"

That is just not true, it wasn't due to "error", this was made clear by SYME in their interims. Omission of this key point by yourself and @extrader puts SYME in the wrong light. I'm noting that @extrader is providing cheap analysis and lacks accounting skills and I overlooked his cheap analysis yesterday, but this is a different bracket. I previously said that "The rest we can discuss when this has been proved". Since that is not going to happen, I'll pass on further discussion as you both have been found wanting.

Best.

@ND. We could always ask on twitter about your posts as @eggysoldier or the other BB stock (AVACTA) to see what they think? It will quickly become clear where the smell is coming from?

It's interesting that you're getting to the subtle negativity stage on Helium One as well.

---

"Another of my stalkers still on my tail I see.

He’s been following me around like a bad smell since I exposed him on another stocks BB for being totally clueless

Poor lad"

@Theanalyzer (and @extrader for note), let's start with the differences between interim [1] and current audited [2], along with this statement:

"I suspect they became aware of the error in preparing 2020 year end accounts with new CFO and auditor but have only just partly fessed up."

Define for me the accounting convention used in the Interim Results for the 6 months to 30 June 2020 [1]?

So that I can understand both your point of views correctly, what you are saying implicitly is that a) the convention used in the Interims [1] and the recent trading update [2] (footnote 4 quoted below) was declared to be identical, b) that this convention DID include all of the information required in annual financial statements in accordance with IFRS AND explicitly you are stating that c) SYME deliberately mis-stated their figures and retrospectively changed them and d) that it results in your statement above?

Please quote the accounting convention used in the interims and compare them to footnote 4?

Thanks

1) https://www.lse.co.uk/rns/SYME/interim-results-for-the-6-months-to-30-june-2020-vfmu3gm0lnlgp3m.html
2) https://www.lse.co.uk/rns/SYME/trading-update-replacement-02vbhwqnhtuj876.html

footnote 4:
"(4) At 30 June 2021 the Group's C.IM Revenue includes due diligence fees charged to Client companies by the Group's main operating subsidiary which meet the revenue recognition criteria set out in IFRS 15 as above. It should be noted that the revenue for the 6-month period ended 30 June 2020 has been restated to meet the requirements of IFRS 15. The Company expects to perform the same trend observed for 2020: the first half of the year was dedicated to manage the Client companies preliminary analysis. Accordingly, the outcome of the latter are expected to generate revenues in the second part of the year."

@TheAnalyzer, As I said, The London Stock Market is regulated and the SYME team have a good track record. Anyone suggesting otherwise is speculating and/or just doesn't understand how companies grow.

IFRS 15 was mentioned a number of times in the RNS as it was in the interview. If you can actually breakdown where they specifically; "admitted prior year revenue comparatives were materially non compliant" and also how that implies their track record is tarnished according to the London Stock Exchange rules and regulations.

The rest we can discuss when this has been proved.

Thanks

@TheAnalyzer, As I said, The London Stock Market is regulated and the SYME team have a good track record. Anyone suggesting otherwise is speculating and/or just doesn't understand how companies grow.

IFRS 15 was mentioned a number of times in the RNS as it was in the interview. If you can actually breakdown where they specifically; "admitted prior year revenue comparatives were materially non compliant" and also how that implies their track record is tarnished according to the London Stock Exchange rules and regulations.

The rest we can discuss when this has been proved.

Thanks

@Adamadd why would you even contemplate the question of "AZ is or isn't a scammer"?

The London Stock Market is regulated and the SYME team have a good track record. Anyone suggesting otherwise is speculating and/or just doesn't understand how companies grow.

Good luck with your future investments in other stocks.

"If you’re a long term holder then it makes no difference!"

As long as the criteria above are met, I believe even without a RNS, SYME can still constitute a long term hold as the fundamentals haven't changed. With that in mind, @bonkers2021 makes a valid point.

"long term holding does not mean you keep holding shares for many years..."

Long term holding also doesn't mean; let me wet the bed and run a mile at the first sign of the share price going down.

So now that we know it doesn't mean day/swing trading, bed wetting, shorting or until the company goes kaput, let's have a look at SYME.

1.Have I done my own research on the fundamentals? YES
2.Will it survive beyond a few months? YES
3.Does it have the potential for a good roi? YES
4. Should I average up/down or hold? Re-assess fundamentals
5a. Have the fundamentals change? NO
(5b. If the fundamentals have changed, time to exit? POSSIBLY)
6. Is the risk reward good? YES
7a. Invest further? YES
7b. Repeat from one above.

So if the opportunity arises, I'll take it and hold. Should the fundamentals change, I'll review.

"My crew ? I’m not sure if I’m an investor or a trader you literally have no idea !!"

I've triggered one.

Doc, that will just give them hypothermia and temporary high blood pressure , you should suggest electrolytes, lots of sleep and time away from the screen.

"What I’m really confused about is why LTH are not literally screaming from the rooftops as to who valued Tradeflow?"

You are confused because a) you (and your crew aren't able to value a company, b) you don't know whether you are day trading/ shorting or investing and c) you can't remember which fake account you were meant to be using today.

Hope that lifts the niwl.

"Totally agree ND. Credibility has taken a knock here."

Give it a rest with the credibility, NDN has no credibility and is a known troll on twitter (@Eggysoldier).

Even though @RDeacs has explained what is going on quite succinctly, but no doubt ND will be back with his side kick complaining about something else. Or triggering off another useless question and answer session. If people can't understand the difference between phase 1 and 2, that's not management's fault, that's an issue with some of the investors.

GLA LTH

Parm/LuckyBob,

"Only people making out it was going to be something else"

Many AIM listed companies have over exciting posters, in itself it shouldn't necessarily be an issue. For many companies it is more than one poster creating and writing negative headlines, sometimes newly created accounts say a few months old are initially all positive and then suddenly turn (i.e. gain confidence and then shout the company down). Multiple accounts and by the same user, makes you think that they have nothing better to do. When you network these accounts together, it could well be concerted (perhaps 6-10) with multiple accounts. Targeted companies tend to be those with little news flow and those with erratic movements, implies weaker resistance and support levels. As most are "deramping", I'd assume the effort is to short the stock and sell in tandem to drive the price down.

Then you get the "I told you so" posts and "you could have saved yourself some money if you listened to me" posts.

Not sure if ignoring **all** of them solves the problem. I personally will call out anyone who I deem is talking tripe.

GLA