PROOF OF THE PUDDING.7 Aug 2022 09:48
Good Morning one and all!
If SYME finally manages to get First IM done and same is confirmed via RNS sometime soon then there will be cause to celebrate and quite rightly too , up to a point.
BUT...
SYME will have to make their platform very attractive and user friendly to both clients and funders , it will need to run like a well oiled machine , as smooth and slippery as a bag of eels!
While first IM getting done will be a great relief to all of us it will in no way be a case of "job done"
Just think of the volume of business that SYME needs generate to make any meaningful revenue , SYMES cut of the cake is likely to be a somewhat slender slice so it will have to be SOME CAKE!
Remember SYME have no money of their own they are simply providing a platform and the PROOF OF THE PUDDING WILL BE IN THE FUNCTIONALITY OF THAT PLATFORM. One could almost argue that they have taken So long to get the first one done that it doesn't bode well for that ease of use but that may be a little premature.
We already know that there is a potential demand for what SYME offer but it remains to be seen whether or not SYME can tap into that demand.
Not de-ramping , not doing down , not a nay sayer just trying to inject a note of realism.
SYME still very much a long shot in my humble opinion but I will be holding on to my betting slip and seeing it through to final furlong , be it good or bad.
G L A