Member Info for MisterGreen

I think some people seem to have formed the opinion that when (and IF) we get the RNS confirming completion of first IM that it will be a case of job done and the sky's the limit but it's not quite as simple as that.
VeChain/SYME have said these first IM's are part of a proof of concept phase , I think it is fair to say that there are some questions around the accounting side of SYMES concept.
Now please don't ask me why that is because I am in no way qualified to give an opinion on it other than to say there are questions and maybe this is what this proof of concept phase is all about , finally putting those questions to bed one way or another.
On the plus the side , one might say that VeChain wouldn't have got involved with this unless they thought there was some mileage in it and in my opinion their involvement represents a considerable boost to SYMES chances of success.
It may well be the case that those lovely boys and girls at SYME have come up with a great idea but maybe struggle to get it off the drawing board , my impression is that VeChain may be considerably quicker and slicker and can help SYME to get the bit between their teeth.
VeChain/SYME have said they are aiming for December 2022 to have a fully operational platform up and running so I would suggest that , while first IM will be MOST welcome and should give the sp a bit of a boost it is what happens over the next few months leading up to December that really matter.
I think that by next Christmas we should have a much clearer idea as to whether we have backed a winner or done our dough!
Have a nice weekend!
G L A

I hear where you are coming from Lvu , good luck to you any way , one of the more likeable characters on here...

The "news" is ;
We are awaiting the first IM of 1.5million dollars to be followed by a further 8.5 million dollars as part of a proof of concept phase carried out by VeChain/SYME as they work towards fully functioning inventory monetisation platform by December 2022.
That is the news , right there.
A T B

That is indeed an "interesting read" and quite illuminating, I hadn't seen a date given before for a "full inventory monetisation platform" " due by December 2022"
and it is good to know what we are shooting at.
I also think that puts the up and coming IM and any subsequent , interim IM's into some sort of context in so far as we are clearly still trying to "develop a proof of concept" and approaching a start line rather than a finish line , learning how to walk before we can run so to speak , first IM may not be the finished article but a step in the right direction ( and some much needed revenue wouldn't go amiss) could be a while yet before the SYME sail really catches the wind but I am ok with that and the partnership with VeChain inspires some confidence as they have already achieved much.
As for the technical stuff , I haven't got a clue , Blockchain and NFT's doesn't mean much to me but I see that's the way the wind is blowing and how business will be done in the future , I mean , "phygital?" wtf?
I am such a caveman I still think the wheel was a good idea!
Still thinking it's a longshot but happy to be in...
G L A

...we get a group of guys n girls who get together and say
" We're gonna lay an egg"
Then they get together a few days later and sign a piece of paper to say
" We're gonna lay an egg"
So now I have visions of all these guys n girls heaving and puffing and panting and sweating and saying
"My God! This laying an egg business is hard work isn't it?
It's like trying to get a bag of sugar through a polo mint!"
...so come on guys and girls one more BIG PUSH and...
We should get another piece of paper that says

"TaDaaa!
Look! We've laid an egg!"

Hopefully a golden one...

HaHa! The Midfield Maestro has a point there Lex , it's not as if you comment on any other shares.
Having said that I have no problem with people who are not invested commenting , I've heard people say otherwise but I have no problem with it.
And let's face it , there are plenty of people who ARE invested who talk utter boll**ks!
so why not?
G L A

Any more detail on this Q&A session?

Most holders entitlements , extras and warrants will be fairly small beer , some will sell but most won't , for the most part we are talking relatively small amounts.
I think if the sp retracts to 0.05 it will be IF and I repeat IF IM is not forthcoming.

*practice*

I mean real world , how it works in practise , different kind of gravy.

Fair comment Luckybob , website is still a shop window though , looks drab , wouldn't hurt to smarten it up a bit.

Now , about these beans???

How much of the 1.5 million dollars is bankable?
Good question , I don't know , maybe 3% , so 45 thousand dollars at a guess but that's just a stab in the dark.
Of course there is the further 8.5 million to come so that would be another 255 thousand dollars , which wouldn't be a bad start but as I said , we have to wait and see , ideally we would want to see more IM's stacking up but that remains to be seen.
SYMES website looks totally uninspiring and dosnt instill any kind of confidence but hopefully VeChain may have some positive influence there.

like me , if you see an RNS one week that says first IM imminent, we just need the signatures you think "great , things are finally moving"
Then a week later , another RNS , all parties have signed , and you think " Brilliant news! We have lift off!" ...and then you realise , no , not quite , still need to actually complete the transaction and so you wait and another two weeks pass and still nothing doing , well , one could be forgiven for thinking wtf are they playing at??
Well , I don't know how long it should take from initiating to completing a transaction but I think it is reasonable to wait and see , particularly as it is the first one , and I think it is also reasonable to think that future transactions may be executed somewhat quicker than the first transactions , and we will need a decent flow of transactions in order to generate the revenues we need to be a success.
The point is that nobody but nobody knows how this will all unfold as the proof of the pudding will be in the functionality and appeal of the platform and we can't make a judgement on that because there are no completed transactions to dissect as yet.
To be honest I don't really have a strong opinion one way or the other , I just think it's a decent punt , albeit a longshot and I don't think I've ever said anything different , wouldn't want to bet the house on it though.
GLA

Regarding HL , I reckon I got something a little less than 10% of the extra shares I applied for , pretty much as I would have expected.

No doubt it is a matter of some concern that this first IM seems to be taking a long time to complete.
The flip side of that though, is that as it is the first one it is perhaps only natural that it is a little slow.
For me the really critical question is , if ever this first IM IS over the line , what comes next?
Will it act as a template to smooth the path for more transactions that will hopefully be concluded in a more propitious fashion?
Those of us who are invested will certainly be hoping that will be the case.
G L A

Jonahb
A straight question ;
Did you used to post as Lseking ?
I was just curious as you have a very similar turn of phrase.

Sorry , my bad , of course I meant Monday.
An Italian job eh?
You were only supposed to blow the bloody doors off!

couldn't resist ...

As I understand it , the only "extra" shares available will be those left on the shelf by shareholders who , for whatever reason , did not claim them , I imagine this will be a very small number.
In any case , we should know by tomorrow

Oh , I see. So any holders who decided NOT to take up their entitlement , those shares left unclaimed will be divvied up between those who asked for more. How many that will be or what percentage I cannot say but I don't imagine it will be very much.
That's how I think it works but I am happy to be corrected if I am wrong.