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The 'financial guru' AZ has replaced the existing CLN, with a new tailed death spiral CLN and interest rate greater than average on junk bonds.
How is this allowed? I'd be surprised if that man can look into a mirror at the moment.
Also, good to see Parizal Partners are still active after the transaction! Doesn't look sus at all that they've dropped off the edge of a cliff since the transaction.
I'll give this one a (sort of) go.
I intend to buy some shares on Friday 24th at approx. 8:30, and I intend to sell the said shares on Wednesday 29th at approx. 4:20pm
This does not change my stance on the company, which is strengthened now more than ever. But it's become the perfect trading buy on rumor sell on news company!
I won't give my 2 week prediction, it will just cause further insults and dross on the board which I'm sure every 'sane and normal' reader would like to do without.
@Tomhuk2000
This is a first for me, but yeah, I agree with Parm
I'm a trader of this company, am pessimistic about it's long term future and validity, and do post occasionally and try to explain my thoughts (get plenty of grief back but hey ho). So I'm the one side of the coin. But on the flip, I buy and sell in SYME when the charts suggest to me they are going in one direction, completely missed yesterdays though which is frustrating.
On the flip side, there are good pro syme posters on here, such as someone called APunter (i think), apologies if got the name wrong, but I do read his posts and take note.
I would take everything anyone says on a bb board (including me) with a pinch of salt unless you know that person personally. The things we say shouldn't decide your investment choices, but it may assist you in looking at elements and then going and doing your own dd. Then you only have yourself to pat on the back/blame dependent on outcome.
Well I've put the kids to bed, have finished for the day, so reading BBs on my phone whilst the wide is watching some crud.
Apologies if that is a problem to you, not sure what you want me to say??
Anyhow, I'll leave you be and let you get back on with your night trying to belittle people on the internet. Sounds like a heroic evening your having.
You called Steve??
Dropping in for a read and to try to judge trading activity and my name is still up the tip of the boards?
Seriously, what is wrong with the posters here. I used to think you weren't just one of the mob Steve, maybe I was wrong?
Gotham
Not narcissism, I read your posts yesterday, and made an educated guess.
And also Parm joins in, the class dunce. He's worked with good and bad salesmen you know. I didn't know they did good ones. Just thought all of them were ones who failed in education??
Parm bingo anyone, I say 18:36 for "oh deary me"
Enough fishing, unless someone we a tiny bit of intelligence can add anything.
A whole thread dedicated to little me.
I am thankful, I was hoping for insight, discussion,debate, intelligence.
I unfortunately didn't find it...at all. Just the dreggs of the board waffling and saying absolutely nothing yet again, high giving each other for saying and proving nothing, and playing the man.
Embarrassing.
First things first, TF, the joint owner has become on overnight millionaire using CLN funds that have destroyed the value of your investment....and you don't even know the profit TF bring, if any. Yep, good argument well done. You've had the seal of approval from Peakhope, I mean your well on your way there for sure.
Second EY, it was actually Ernst and Ernst to begin with, then joined with young something, think it was Angus young off top of me head. It then became Ernst and Young. And in the last 10 years rebranded to EY. Not that it really matters, but trying to point score on that just shows how feeble your arguments and understanding is.
Let me finish with this all you financial gurus. How green is your SYME portfolio? I don't like PIs loosing money, but you lot commentating (not everyone BTW) deserve it, because not only are you running with IQs of primary school children, you would have all had better returns with premium bonds.
Anyhow, back to Saturday and doing something more worthwhile than staring at a screen trying to discredit a poster who knows far more than I do.
Mwah.
(P.s. 20 points to best insult from here)
I keep seeing this all over this BB.
It's not manipulation, in fact, it's nothing over than outdated and useless algorithms that determine what it believes is a buy or sell.
The system looks at ask/bid prices, anything above the middle point it believes is a buy, anything below the middle point it believes is a sell, it's that simple. If the spread is moving quick, the algorithms just cannot cope and does it's best guess decision.
So if bid is 2p but ask is 4p, anything 3p and under is a sell, and anything 3.01p and over is a buy. If the spread moves in the milliseconds you buy, then that can mean your trade looks different.
Its ridiculous that in this era we haven't got a better system to shows buys and sells, but it is what it is, and that's why you should put very little emphasis on what the computer believes the trade is. But one thing for certain, there is absolutely no manipulation or a company behind the scene marking buys as sells or vice versa.
@Iguana
I suppose I'm seen as a troll, I'm called it a lot anyhow.
I wouldn't give direct advice on where or what to invest in. What I would say, is have a balanced portfolio, with varying risk reward companies. It's all good having punt companies in a portfolio, but you have to expect busy BBs with a punt company because volatility and liquidity mean easy trades.
There is a lot of noise on this BB, and a lot of questions asked by us so called detractors. Now, for my negative point. AZ has the ability to shut us all up, he had the ability to close the books on AGM Friday, he chose not to. AZ is the protector of your investment, and he is leaving the questions open and up for interpretation, I'd suggest as shareholders, you want AZ to start doing his job and get the questions answered for good.
Example. Valuation company of TF, asked at AGM and not answered. Why?? He could tell us this, if it's a professional well respected valuation company, questions end and the value of TF becomes less of an issue.
Second. Accounting validity of the true sale transaction. Answer was, it's fine because we are regulatory experts. Guess what AZ, I'm a regulatory expert on IFRS and GAAP, so I want the detail. What IFRS, what companies have trialled it, who and what accountants have agreed it. Answer these questions, and the issue is put to bed. Again, he chose not too.
I'm looking at taking a punt on a.company called Moog on the NYSE on Monday, strong financials, had a bad fall through q earnings. Strong management who answer questions direct, and they document the accounting standards used because there release of sales is different to the Way cash flows into the company. Accounting treatment - tick.
AZ has left this company open for easy trades, I said Wednesday to SteveK (in my history), I expect a bounce Thursday on rumour/news mantra. It happened.
AZ needs to protect the LTHs here more. That's why I'm here, he doesn't, so I can make easy money.
What a fantastic job the BOD are doing here
Clear communications
Director buys
Managed expectations
Healthy divi's
I rarely write on BBs where I hold, but this really is a great way to run a company. long may it continue.
@Savvy6
No! IFRS15 is not done and dusted, regardless of what the PR company tells you.
here is the direct components of IFRS15, took from the IFRS site https://www.ifrs.org/issued-standards/list-of-standards/ifrs-15-revenue-from-contracts-with-customers.html/content/dam/ifrs/publications/html-standards/english/2021/issued/ifrs15/#about
"To recognise revenue under IFRS 15, an entity applies the following five steps:
identify the contract(s) with a customer.
identify the performance obligations in the contract. Performance obligations are promises in a contract to transfer to a customer goods or services that are distinct.
determine the transaction price. The transaction price is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. If the consideration promised in a contract includes a variable amount, an entity must estimate the amount of consideration to which it expects to be entitled in exchange for transferring the promised goods or services to a customer.
allocate the transaction price to each performance obligation on the basis of the relative stand-alone selling prices of each distinct good or service promised in the contract.
recognise revenue when a performance obligation is satisfied by transferring a promised good or service to a customer (which is when the customer obtains control of that good or service). A performance obligation may be satisfied at a point in time (typically for promises to transfer goods to a customer) or over time (typically for promises to transfer services to a customer). For a performance obligation satisfied over time, an entity would select an appropriate measure of progress to determine how much revenue should be recognised as the performance obligation is satisfied."
The main point of contention is the control, this part
"recognise revenue when a performance obligation is satisfied by transferring a promised good or service to a customer (which is when the customer obtains control of that good or service)."
The funding company or SYME do not have control of the inventory, they do not have the ability to sell on to another party with a margin of their choice! Due to this, the true sale may not apply to IFRS15. This is a question for the AGM because it is such an important and pivotal decision into the future of the company.
If this gets cleared up, it would give the SP a shot in the arm akin to the first IM. So it's really important to LTH's/Trader/Customers that you get names of companies who have done it and can look at their financial statements and see the accounting treatment. This aspect of the business has to stop being smoke and mirrors, and that's down to AZ to get it sorted and put the issue to bed!
@MRRR
As DW has left his position, he has no ties linking him to insider information. The 'closed' period that directors have to adhere to is normally a time period (generally six weeks) proceeding a pending result. He is not governed by that rule anymore.
The only slight possibility that he is forced to sell, would be from the articles of association of the company, and if it was a written agreement. But that would be an extremely unlikely rule.