Member Info for midlandsmagnate

I'd like to thank a core group of posters (you know who you are) on both sides of the investment debate for offering so much objective fact based analysis of the pros and cons of investing in SYME .. much better hurling pointless insults !
Keep it up :)

I posted a while back that I had considered SYME as an investment but felt on balance that it wasn't for me. However, the barrage of sniping coming from posters such as Brass is becoming tedious at best.
I'm sure all of you that are invested (and lucid) are clear that this is not totally de-risked and that the macro moving parts need to complete in order for the first IM to happen, at which point a clear quantifiable assessment of the business can be carried out. If you're right, you've earned multiples of your initial stake, if not, I presume you can handle the downside.
Treating the invested like idiots (with the exception of angus who I still say is a fake account) is pointless if my argument above holds true.
Just my opinion.

Peak, I think the short version of Brass's point if I understand it is that if said clients and auditors don't feel comfortable categorising IM as a true sale that's problematic.

A freudian slip I hope for your sake ... unravelling is never a good sign

I've made my view known - I don't think the IT system is anywhere close to being ready.
The headcount, and answers to questions (focusing on the infrastructure as opposed to the BUSINESS solution) indicate a lack of progress. I stand by that view based on my industry experience.

TA on a startup doesn't really work.
It's news flow and progress.

I can't disagree. But i haven't cackled and did consider an investment here.

Let's see how it pans out.

That's fair Havoc so I stand by my assessment of the platform and time will tell.

Danny ... that's infra again; nothing to do with the business solution.
Anyway, there is little point in debating this - my opinion is that the solution is immature.
We shall wait and see.

*its going concern status

@Lucky Bob ... I did take a look at SYME with a view to putting some money in as the concept sounds excellent.
In the end I didn't as the MCAP vs revenue, clients and maturity presented too much risk.
The reason that I think many posters (not all) ask difficult questions is to get sensible answers to prevent people like angus (if it's a real account) from losing their shirt in the event it folds ... it is after a all a startup (nothing wrong with that) with material uncertainty around it's going concern status. I would argue that the tunnel vision rampers are the actual problem

Blockchain is the component upon which the business solution sits.
What's the solution?
There's no point wheeling out infra suppliers; we need to know what's been built on top of the PaaS (I presume) you posted a link to. That's SYME's USP

@calamari ... as I said yesterday, the RNS states that the general architecture will be updated in light of TF acquisition, not that SYME's platform will be integrated. There is a lack of clarity around how mature the platform is, which suggests that even if IM got off the ground there's a risk the platform isn't ready for business.
Just my opinion, but it's unclear.

Brass ... the thread yesterday was deleted so I suspect folks aren't too keen to discuss.
Shame, as it's material to progress

When did you sell 500,000?
You had 10 million on 22nd June

Not sure I'm a bb old timer of yours :) , but yes, I'm on a free ride

Thank you curn, a sensible answer.

Good morning,

I thought it was time for a punt on a mining share and came across XTR last week, so put £5k.
With absolutely no skill and pure luck I find myself sat on a tidy profit.
For posters familiar with XTR (mooning rampers, please refrain :) ), is this a typical AIM pump and dump or has something fundamentally changed with the company ? Having done a bit of research this morning, XTR has not had a great past, so I would be interested to know if anything sustainable is driving the current share price appreciation.

ATB

But no cash ... revenue is easy to book

And a lot more expensive with upfront fees and 6%.
A bargain.
However, it's a moot point as they have no money to lend anyone.