Member Info for Rocky500

It does confirm how SYME fits into the FCA stable. It's not considered a financial services company so it only looks at its listing and structure therein. Not its operations.

TW language reminds me of a Trump supporter who is convinced of his own theories that are based on one persons interpretation of information. To subscribe to TW' site would be like subscribing to the Proud Boys newsletter

TW language reminds me of a Trump supporter who is convinced of his own theories that are based on one persons interpretation of information. To subscribe to TW' site would be like subscribing to the Proud Boys newsletter

You are both wrong as it happens - whilst I cant confirm or deny the email TW has misinterpreted it if its true. There is no FCA investigation as this is a formal process and no grounds have been established as yet to launch one. The FCA are however looking at the documentation to confirm the processes involved in the listing and accounts etc. You can call it an 'enquiry' of sorts but its informal as the company is potentially on the cusp of significant growth and its important the foundations are sound before you start putting serious weight on it.

Problem with TW is he is a bad tempered and rude individual who, whilst looking to 'out the truth' does appear to cloud his own judgement with bad language and getting into slanging matches with pretty much everyone he seems to talk to which does not enable an objective and clear headed judgement.

Aware of that but it's being banded around when the intended meaning is suspended. The rest of the statement is relevant however.

You cant say that for certain as you are not privy to all the facts...and neither is TW or others...its merely supposition on everyone's part. What I do believe it a look over the events is being done which is why it's taking longer. Should all be above board it validates the whole project and sets it off on a much for stable footing. If there is a clear case to answer for fraud then that's different. It may be a case of poor advice but I'm not in a position to speculate....and neither really is anyone else.

I do see where extrader is coming from. I think the suggested complaint was about where the initial valuation came from and where it went. What no one knows outside the co and its accountants and auditors is what the true value is of the IP of the platform etc was which is impossible to quantify unless you are hands on. The outsider accusations are just that...accusations. If SYME can explain this part of the RTO sufficiently then it's all kosher and once and for all confirm the validity of the business. Therefore when its gets released then it's all above board even if we don't fully understand the IP and its value etc. I think where TW and others need to be careful is they have already drawn their own conclusions without half of the info.

I put more trust in an RNS than a self agenda, bad tempered, rude, defensive nasty piece of work that is TW. It's funny really as if he were to set aside his own personal problems he might actually be a force for good in this industry as every so often he does get it right and when he does he is able to articulate a very good argument. The rest of the time it's just someone who is bitter with the world looking through glasses of personal rejection and failure. So nothing at all can be taken seriously from him. Silly really.

I would be inclined to agree that there are a lot of influential players in the mix who wouldn't take too kindly to having the wool pulled over their eyes.

True ref option 3 but in its current wording that would make recent releases (notably on the accounts) false and misleading. There could however be cause to say they need to bolster their finances, either by securing SH or via a raise. That would i suspect come out of the health check.

There have been too many new entrants to the structure for it to be an all in fraud IMO which is why my balance of view has been moving more towards fact in recent weeks as it seems unlikely (but not impossible) for a core few to work the fraud and yet bring in reputable people and organisations. That said if it is the likes of Walbrook PR will also be on the hook as being complicit.

It's either option 2 or 4 - the general speculation and noise from TW and others has triggered a look which is being done now. For me it's a case of fact or fraud and the latter being very much in the option 2 category (I don't think there is an inbetween on the fraud front - go big or don't go at all) that leaves a health check by regulators to see what the fuss is all about and then SYME are putting forward their case for a viable business.

Could be wrong but my balance of opinion has, until recently been more weighted on fact but with the proviso they need to sort the funding out...right now in just waiting to see. If it gets the all clear then I would suggest SYME might go after TW for slander.

I'm getting the impression there is some looking under the hood going on so to speak but SYME and their PR firm are trying to keep a lid on official communications in order to protect the viability of the company in the eyes of their potential clients and investors as they need to be very careful right now not to lash out or give fuel to the speculation. That does suggest they have, or believe to have a defence and perhaps more importantly something to protect in all this. Should this be the case I would imagine they are working overtime to answer any questions that may have arisen and put all the conspiracy theories to bed once and for all as if the shares are released for trading then it does suggest that whilst it is unorthodox in places there is a viable business there... we will see.

We are due the bi monthly trading update tomorrow - some info of which has already been given out I suggest but AZ is looking to keep to consistent 2 monthly releases I believe

PayPal, further along in maturity admittedly but offering a similar scalable product is equivalent £8.80 per share when taking the same number issued. Much further down the road but I don't think many appreciate the sheer potential (emphasis on potential however) of this market space...many hurdles and much time required but it's there.

At the right time that could really knock the sp out of the park...

Standalone paypal is actually $288b mcap with a p/e of around 100...what will perhaps hold syme back is being listed in London rather than New York and therefore have investors that have a lesser understanding of valuing tech like this.

10p in time could easily happen if they get traction. PayPal has a $228bn mcap and whilst that has taken time and in a different fintech space the scalability and potential is there for at least 10% of that in time.

It is news, and very important news....but agree the market has got it in its head that numbers are the only way to unlock the start of this rise. It is building up quite a lot of fuel for the rise when the numbers do come however so assuming AZ does reveal before month end then this may be the final few days around this price.

I don't think it can Scholar Board can be as easily discredited as some initially suggested the Lenovo tie up was in fact no Lenovo. Unless some suggest the scholar board are in fact a branch of Islamic Kindergarten and not the actual scholar board....

With what I've read there are many misinterpretations going on about what it is they are looking to do. They are offering a revolving door facility access to 'instant sales' for their stock so as soon as it is made they can consider it sold and then transfer the cash back to SYME funders as soon as it reaches its final destination and then move to the next manufactured batch. It provides clarity and financial forward guidance that can be relied upon when working their production cycles. At a cost of course but once the company is onboarded the facility is there to drawdown and replenish as often as they like during their manufacturing cycles. This is completely different to bank finance and to the greater extent factoring as SYME funders become in essence a customer of the companies, albeit a short term one. It is potentially transformative and gets around the drive for just in time based upon not having cash tied up when JIT is becoming more and more problematic.