The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Evening Ex - no problem with engaging so long as it remains civil and non personal 👏🏼
I wasn’t suggesting falcon group would be helpful to symes case - merely pointing out that “ true sale “ does exist - something you have previously doubted and suggested it couldn’t as accountancy treatment would not allow it - at the time Falcon were already doing it granted the difference is falcon actually purchase the stock were as syme use a stock co to purchase stock similar model but different method of achieving “ true sale “ status
With regards to chicken & Egg situation Albert did say we will start building a track record and the 3 IMs have proved the concept - we are expecting/ hoping for WL and further Vechain funding 2023 which hopefully will add to the building of our track record and hopefully crack the egg 🤞🙏
Ex - this is not the case - Falcon group USA have been offering off balance sheet solutions for years dealing with inventory solutions - they only deal with large corporates - symes ups is that it’s offering a similar service to Falcon group but the key difference is it’s offering it to SMEs something which no one else is offering - so to say it’s only attractive to poorer credits is not true also symes clients have to pass DD which also covers their credit rating “ syme don’t offer IM to distressed companies and the 3 IMs to date and the current pipeline would suggest there is a need for the services syme offer
“Symes core problem persists, despite however many iterations/re-inventions it goes through : its 'true sale' usp (allows/enables off-balance sheet funding) is only attractive to poorer credits. “
That’s a fair and accurate response unicorn one that can’t be disputed - this share is 90% down from where it once was - possibly a lesson there for all of us not to go in big before we’ve actually got poc and are up and running - suppose that’s the gamble with any start up even more so with a fintech - risk vs reward no guarantees is also a fact when investing - not sure of how the more experienced investors see this and makes me wonder if experience counts for anything as some more experienced investors seem to be in exactly the same position as the less experienced - only time will tell if our investment will return us profits and hopefully we will see AZ deliver WL and further funding from several funding streams before the years out - there’s no guarantees he will but also no guarantees he won’t - anyhow none of us will or can make a difference to the companies progress only AZ and the team can do that - I will remain positive we have not had any negative news we just haven’t had any news - so far
Best wishes all 🙏
Unicorn - it’s not really my thing getting into a online debate - I merely pointed out that not every LTH is 90% down - fact - any new investors that purchased below todays sp will actually be in profit - fact
I also agreed that funding has/is the issue hence the move to other funding streams
I rarely post these days as spend more time in TGs
If things change and we learn via RNSs/interims we have to change accordingly - we can’t still spout nonsense about stormharbour for example as we know they are out of it, same for CB - myself and others don’t make things up they come from news from the company in the form of RNSs - to keep harping on about investors being 90% down / if it’s just you having a moan fine you are entitled too but to keep saying it as fact is plane wrong and indicates an agenda - we know all the wrong doings and the negatives surrounding this investment we are repeatedly reminded every day - there are other views and opinions and your narrative is not the only one , no malice from my part just saying it how I see it and if you are invested along with all that are invested there’s nobody wishes more than me a positive outcome for all - ultimately you have no greater idea of what’s happening than I do - only time will tell but if it pleases you I will refrain from posting and leave the board to you !!
Morning unicorn - syme are ready to go it’s each part of the eco system that’s not quite ready web3 etc
We have made good progress if you consider poc x 3 something we have not previously had - WL in its final stages very close subject to contract - it’s been very slow for sure - you are right about trying to find funders hence the shift to crypto it does seem like banks are not willing at this stage to pump millions in so for now we are looking at alternative funding options CH hub and global investment bank to service the existing pipeline along with Vechain/crypto
With regards to LTH being 90% down - some may well be but most in TGs have averaged down some with averages as low as .12 personally my average is .15
I do understand the frustration but it’s obvious now that this is going to take another couple of years that’s not to say we will be stuck where we are for a couple of years just the rise will be gradual - there will be no rockets more a steady rise based on IMs and revenue generated - absolutely nothing we can do other than hold or fold - I choose to hold positively and just crack on with work and life and what will be will be - personally for me to continually be stuck in a negative state of mind does nothing for my mental health or wellbeing so I remain positive 😉👍
Very well explained Divvyup 👏🏼👏🏼
It’s all part of the big eco system and just as syme has to jump through regulations each part of the eco system has its own regulations to overcome but once all compliant and ready to go the wheels will start turning around a little quicker - once you understand the complexity and the size of the task and challenge AZ and eco system partners have had to overcome you realise the delays are just that delays - most fintech start ups fail in their 1st year syme has been 3+ years so far with financial backing until 2025 should we need it - by all means vent and air your frustrations but try to understand the enormous task AZ and eco system partners are trying to build and deliver with the likes of Vechain and other crypto platforms CH hub WL along with traditional funding - better to look at quarterly progress rather than daily or weekly - we have made good progress in every quarter for over 12months and this quarter won’t be any different - we will see progress 2023 😉🤞🙏
Thank you for birthday wishes 🙏 although it’s been a tough hold and feels a long time ( I was 57 when 1st invested 😂) a couple more years hopefully will enable me to retire early 🙏🤞
Just to add we are all just people trying to get on and make our lives that little bit sweeter positives negatives even people with agendas civility costs nothing and I’m humbled by the birthday wishes ❤️
Good evening Juno , it’s my 60th birthday today 😂
I do read all the posts every evening after work but don’t have anything new to add - still 110% positive and think AZ and team will deliver as per interims which also align with the prospectus - WL 2023 followed by WL rollout 2024 , further Vechain funding 2023 so a couple of months to deliver 🤞🙏 we’ve had no bad news and each quarter for the last 12months we have seen progress - slower than we would all like but most fintechs fail in the 1st 12months - syme 3+ years and have financial backing till 2025 enough time to see all LTH in good profit -
While the lack of news creates the perfect conditions for the negatives to keep bashing syme I do feel by the end of this year once AZ delivers WL and further Vechain funding the positive sentiment will return and the negatives will fade away 🤞🙏
The loaned shares theory is just that a theory/speculation - something totally unknown that some will use as a stick to bash syme/AZ with
Naysayers say on the one hand - only one person here making money, implying AZ and in the next breath loaned shares not returned as AZ has no money - both statements can’t be true 😂 😉
Many private investors don’t understand how uncrossing trades work. This means private investors often miss out on the best prices of the trading day. Furthermore, this lack of understanding costs them in terms of execution as we can use the uncrossing trade to work better prices.
This article will explain the uncrossing trade, how an uncrossing trade works, and how we can take part in the uncrossing trade.
What is an uncrossing trade?
An uncrossing trade is where buyers on the bid and sellers on the ask match together in a single trade at the end of an auction period. The uncrossing trade shows up with the trade code “UT” on the London Stock Exchange.
Download my free trading handbook with 10 profitable techniques
How does an uncrossing trade work?
An uncrossing trade will occur at the end of an auction’s call period if there is a match between the prices of both the bid side of the market and the ask side. It is the closing price for the auction on the LSE.
For example, if there is a price where both the seller and buyer can be satisfied, then the auction will disclose an indicative uncrossing price.
The indicative uncrossing price shows the price where the auction will uncross if there are no further orders or modifications to existing orders on the order book.
Https://www.google.com/gasearch?q=uncrossing%20trade&tbm=&source=sh/x/gs/m2/5
Think the cucumber and gherkins are solely related to Vechain NFTs/crypto - the WL is traditionally funded by an Italian bank which has already selected a specific client to the tune of 10m 🤞🙏
· Additionally, the CH Trading Hub will handle the token route including implementation of the strategic agreement with VeChain Foundation ("VE Chain"). In this regard, the Group is working with the CH Trading Hub on the launch of a security token framework which will allow up to US$100m to be issued and subscribed, mostly by institutional investors active in the digital asset markets. The security token is expected to be issued by a vehicle sponsored by SFE and be tradeable on authorised digital asset exchanges.
The group is in advanced stages and the client of the inventory funder has already been selected - 10m 👏🏼👏🏼👏🏼
The Group is now in advanced stages of formalising a White-Label IM agreement with a leading Italian banking group ("WL Inventory Funder") to execute an initial IM transaction with an inventory value to be monetised of up to €10m, which involves an existing client of the WL Inventory Funder. This White-Label IM agreement (which remains subject to contract) is expected to allow the Group to scale its revenue in Italy, leveraging the balance sheet and the client base of the WL Inventory Funder in specific supply chains.
Nice one Divvyup 👍
Given the obvious advantages of BDD, several mainstream organisations like BM, Wells Fargo, and CitiBank have become enthusiastic adopters of the technology. Recent market research also predicts a massive increase in the adoption of BDD practices between 2023 and 2029 making it one of the most in-demand frameworks in the industry.
That’s a good honest forecast MG and I would rather read that and replies to it with rationale given as to why it might or might not succeed rather than speculation about the past - we cannot change the past what as gone before will not help us at all - what’s to come in the future will 😉
At the AGM - he commented on ( in his words ) “ the disastrous investor meet “ where he was sent 1000s of messages as on one of the slides it said “ WL roll out 2024 “ he the clarified the slide did not mean WL would not happen it 23 just that it would be a full roll out 2024 - AZ also stated it would be 2023 we will see the 1st WL
It’s all there if you watch the AGM 👍
It was announced in investor meet presentation that WL would be rolled out in 2024 - for this to happen I think they would need to WL 2023 ( AZ still insists we will see WL this year 🤞) be good to show other interested banks a working WL model 😉