Member Info for s23pho

I also have similar questions. If you do email AZ and get a response re these points, please update us!

Also, in the AZ interview with Zak Mir, he clarifies that the bank is better described as a partner...

Yeah me too. I don't blame the guy, he's clearly a savvy businessman at the helm of a potentially game-changing company.

If he can make an extra buck (or a few million for that matter), then why not!

@Lew82 Agreed, this is exactly what it seems like has just happened.

I'm feeling considerably more positive than I was this morning!

Afternoon Extrader,

Yes, I think we're on the same page. I don't think purchasing the option would be deemed insider trading either.

But the exercise of the options is months away. Would that be within the windows of insider trading? Or is it the day the option was bought that matters?

LOL Calamari, I was talking to Alwaysznow and you know that...don't be facetious

Somebody mentioned earlier that buying this option is a clever way to get around the fact that insider trading is illegal. He will have to pay the £1.1 million premium for the opportunity, but he obviously knows better than all of us in this board what to expect over the coming months.

At first, I thought it was an empty filler RNS. The more I look into it and following the 0.87p calculation, the more confident I feel about today's news and AZ's move.

Granted, it hasn't moved the SP today; But if AZ is confident that the price will breach 0.87p then so should we...

Understood!

Thanks for clarifying mate, best of luck!

Sorry alwayznow, I'm potentially being stupid, but I just double-checked checked his post and he's made the same calculations you and I did re 0.87p SP predictions.

But I don't see a mention of who the £1.1 million is paid to for the option?

If you don't mind, please clarify (not being snarky, probably just being stupid) :)

Based on your last couple of posts, am I right in thinking that it's an MM that gets the £1.1 million? Or does the £1.1 million go to SYME?

I'm a little confused, you seem clued up...

The premium is £1.1 million upfront today

If the options are exercised, he will have to pay £4.4 million for the 630,000,000 shares at 0.7p

£1.1 mil + £4.4 mil = £5.5 mil

What is this 2 down 1 to go that everybody keeps saying?

Yup, these are the same calculations I came to the conclusion of.

I hope we're right!

Would love it if somebody would shine some light on this question though....

"Who gets the £1.1 million premium, does it go straight to SYME? If so, does that mean that AZ has essentially funded SYME with £1.1 million upfront?

Where did he get that money from, Orchestra Group? Has he basically just shifted £1.1 million from Orchestra group to SYME?"

and also this question

"Who decides the value of the option is £1.1 million?"

Also on top of the previous question, who decides the value of the option is £1.1 million?

"Who gets the £1.1 million premium, does it go straight to SYME? If so, does that mean that AZ has essentially funded SYME with £1.1 million upfront?

Where did he get that money from, Orchestra Group? Has he basically just shifted £1.1 million from Orchestra group to SYME?"

Anybody got any ideas about this?

Who get's the £1.1 million premium, does it go straight to SYME? If so, does that mean that AZ has essentially funded SYME with £1.1 million upfront?

Where did he get that money from, Orchestra Group? Has he basically just shifted £1.1 million from Orchestra group to SYME?

If you look at the live prices, it popped up for split second to 0.51 and is back to 0.48. This RNS isn't really a game-changer and wouldn't exactly say it has rebounded....

It is however a bit encouraging that AZ has dropped £1.1 million, essentially as a bet, that the share price will be higher than 0.7p by EoY.

So who does the £1.1 million go to? Does it go to SYME?

I'm seriously confused about this one, guys.

Wouldn't it be more encouraging if he just bought the shares now?