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Vechain launch web3 - weโve been waiting for Vechain and web3 now letโs see if we get news of upto 50m funding from Vechain and others in the crypto community ๐
https://www.prnewswire.com/news-releases/vechain-launches-vorj---the-web3-as-a-service-platform-eliminating-barriers-to-blockchain-adoption-301799737.html
Morning RichieP, I wonโt take anything the wrong way and appreciate the point you make so well , personally itโs more the fact they have listened to PIs concerns and have acted , the amount is immaterial - if they had purchased ยฃ100,000 worth then announced 1st UK IM some would accuse off insider trading - also they have purchased what they can afford too at short notice they are employees and not multi millionaires - I did ask the question at the time โ what would be an amount acceptable for BODs to purchase โ no one gave an opinion ๐คทโโ๏ธ theyโve made a start letโs see if they continue to add ๐
They have done what we all wanted them to do - dammed if they do and dammed if they donโt ๐คฆโโ๏ธ
Just a reminder - not even a month has passed since AGM (23rd June ) since then we have had TFC sorted - director buys and 1st UK IM - if loaned shares sorted on 24th July I would consider that an excellent month and would welcome similar news every month ๐๐ผ๐๐ผ๐ค๐
Most certainly are ๐ nothing we havenโt seen before - without news sp will inevitably drift lower but Iโm prepared for August to be really quiet so either news this month or September - for me personally not an issue as Iโm prepared to wait this one out - nothing new to add as no news to talk about yet - very quiet across all TG as we await news ๐ค๐
If thatโs how you understand it good luck with your investment - a member since 11th July 2023 but think weโve been ramping it for years ๐ if we donโt understand the model then why would you ask us to explain it to you ๐
Give em enough rope they tend to hang themselves ๐
Symes model is not lending its true sale also its asset backed - funder holds the rights to the inventory monetised hence why PNP is a further layer of security over ownership of inventory whilst not in possession
One of the benefits of symes model is itโs cost effective when looking at alternative financing such as reverse factoring/receivables where interest rates are typically 15% and above - interest rates will go up for everyone if symes model is still cheaper and has the added true sale status it should be seen as very competitive - companies may need symes services more if interest rate rises lead to less sales and more stock piling of inventory which can stifle growth and cash flow - the only negative impact is if the banks see greater returns elsewhere - think you would need to follow and look at Falcon group or Taulia etc to see how interest rates affect their offering - all associated costs for asset backed funding are fully tax deductible - there always has been and always will be borrowers and lenders irrespective of whatever the interest rates are - letโs face it we canโt move any slower surely ๐
Interest rates rising has the potential to help symes model - syme have not increased their interest rate so should be more attractive - also worth noting AZ did say at AGM during covid governments were giving out loans/help to businesses and we are now seeing those businesses having to repay those loans - breakeven or in profit may yet take a while but servicing both UK and Italian pipelines are their priority and some larger ticket values - sp will not move much on singular transactions of small amounts but will start to tick up if we get to the stage of monthly IMs with larger ticket values - AZ stated at AGM - fewer IMs but larger values to start with which is the only thing missing from previous IMs - not revenue generating enough - so we wait for further IMs and news of WL ๐ค๐
12th sept inaugural IM specialised vehicles and other components ๐
So I think it makes 3 IMs - but no matter 2or 3 whatโs more important is the next few IMs and WL - no over egging it weโve completed 3 IMs but do agree itโs going to be a while before we show profit
This announcement follows recent Company updates, including the RNS of 28 June 2022, when SYME disclosed the strategic alliance (the "Agreement") entered into with VeChain Foundation[1] ("VeChain"), which is aimed at launching the Web3[2] stream with the intention of funding up to USD $10m of IM transactions, leveraging the minting of dedicated Non-Fungible Tokens ("NFT") to be directly subscribed for by VeChain.
The counterparty to SYME's inaugural IM transaction is a well-established business with significant market presence in Europe (mainly in Italy), Africa and the United States (the "Client Company"). The Client Company is involved in the design and manufacture of industrial and specialised vehicles as well as electronic systems, electrical wiring, and other components[3].
The IM transaction has been structured as follows:
ยท the Stock (trading) Company ("StockCo"), an overview of which was given in the SYME Business Model Canvas in the Company's Annual Report and Accounts for the year ended 31 December 2021, entered into the commercial contractual package, with a duration of three years, with the Client Company to execute the IM transaction. The total value of the initial warehoused goods to be monetised is approximately โฌ1.6m;
Djenks - AZ stated at AGM both pipelines are real and have been audited ๐๐ผ donโt think they will disclose customer list as such we donโt know the names of the 1st 3 clients only that 1st IM was company that manufacture car parts for specialised vehicles - 2nd was tyre manufacturer and 3rd was marine parts manufacturer - these are real companies and real transactions generating real revenue albeit low amounts - AZ and team know that singular IMs of such low amounts are insignificant in terms of sp but extremely significant in terms of funders seeing for the 1st time the platform working with no unwanted issues so far ๐คboth AZ & Albert acknowledged the need to speed up the process and deliver higher value IMs as per requested by banks/funders - they are very busy atm doing just that - they are focussing on UK and Italy at the moment - be great to see both pipelines fully serviced which should pave the way to roll out the platform globally ๐๐ค
Very interesting business idea Ben - not sure if you have heard of Camel ๐ช chain they can humpetise your livestock and use non humpable toekens - basically itโs away of turn assets from this ๐ช into this ๐ซ releasing a second hump and increasing the capacity to store water in your livestock rather than keeping it in a warehouse freeing up vital floor space for the humpa lumpas ( a new breed 1/2 camel and 1/2 lama )
For transportation I would recommend toe flow itโs a Welsh company I think run by Tom Jones and despite what people think - I think it is unusual
Also try suck@mytoe they are big in the camel trade and their CEO ( Engle Bert humpadink ) was the 1st person to create the 2nd hump on the camel - in his RNS it stated โ they were โpleased to release it and let it grow โ
Any all the best and good luck with you new venture ๐
Continued : strategy , support AZ and the team and see where it takes me ๐
I have and will continue to enjoy the journey and have learnt far more than I could have possibly hoped for being a 1st time investor - there have been some funny moments ,poems , rhymes and banter all of which I applaud ๐๐ผ๐๐ผ
At the end of the day none of us are entitled to be winners or successful but we are entitled to be given a fair chance - Iโve taken my chance along with many others and hope for all of us it comes good ๐ค๐
I will reply only once as itโs pointless to keep going over the same ground and serves no purpose to keep making the same points .
Iโve never actually made any claims about what the sp will be because no one knows - those like yourself who keep predicting no news and sp will go down are just as bad as the so called rampers ,
With regards to nothing has materialised - we have had 3 IMs and the pipelines are real , you along with everyone else know we are waiting on further IMs and need further revenue generated before we move north - stating the obvious here we are all aware of what is needed and I along with others believe it will come albeit much slower than we expected or hoped for , personally Iโve been fortunate/lucky as in I did not have the money to throw in at the start and have built my holding over the last 3 yrs - as a result my average is .15 so Iโve recently seen profit and Iโm not that far off reaching my average , I understand for some who havenโt been able to average down it must be concerning and they may well feel trapped and locked in - but rather than make them feel worse and possibly affecting their mental health I choose to support them and not drive them down any further - itโs not nice to keep repeating the negatives when people are sitting on paper losses - we are all fully aware of the negatives as you keep reminding us and itโs only fair and balanced to remind ourselves of the positives .
We chose to invest in a penny start up fintech company that has the potential to do really well , a company that passionately believes they have found a solution for a decades old problem facing SMEs to access funds previously denied - a $multi trillion untapped market globally - I believe the team are working very hard to deliver and that they are a talented team with proven track records .
The only right and wrongs on this bb are the wrong doings of those who continually bash the company and have done so from the very start trying to ruin a company before itโs even got started , itโs ok to have a pop at the company and share opinions but to then drive those opinions as fact is plain wrong and misleading - Iโve stated on many occasions this is a 3 year hold from 1st IM for me personally itโs at that point Iโll decide if Iโve been right or wrong and if I wish to continue or sell up - I believe in the model but also accept itโs been difficult to get funders to throw tens of millions in , I accept itโs a market disruptor and banks are not usually 1st movers - I believe it will come and we have started to service the market albeit with low ticket values - you are entitled to think otherwise .
This bb has gone really quiet of late possibly down to investor fatigue or the detractors spoiling any chance of reasonable debate/ discussion - thereโs barely 30 posts a day and most are not worth reading this post is included in that statement ๐
So for me personally I will stick with my orig
Have we had news - No -
Has sp dropped below .10 as some predicted - No
Have we finished blue - yes
Think Iโll stick to waiting for news or to see what each day brings before predicting sp up or down ๐๐๐
Keep the faith good people and trust the team ๐๐ผ