Member Info for Sharebel

Micky at the choice of the borrower the borrower TAG is the borrower and has elected to have their collateral returned in shares! The same shares they used as collateral hence the Court case issued by TAG V SLS in Feb 24!

‘With regards to the HWCP Loan and the SLS Loan, TAG has updated the Company that it has applied the loan repayment procedures set out in the contracts with the respective Lenders. TAG has also informed the Company that it has not yet received the required engagement from the Lenders of the HWCP Loan or the SLS Loan. As a result TAG is currently pursuing legal options to allow for the required loan repayments to be made by them and for the SYME shares that were transferred as loan security for the HWCP Loan and the SLS Loan to be transferred back to TAG.‘

IMHO DYOR

Lucky they (TAG) can pay, want to pay but prevented from settling with (SLS) read the 22nd March RNS -

‘With regards to the HWCP Loan and the SLS Loan, TAG has updated the Company that it has applied the loan repayment procedures set out in the contracts with the respective Lenders. TAG has also informed the Company that it has not yet received the required engagement from the Lenders of the HWCP Loan or the SLS Loan. As a result TAG is currently pursuing legal options to allow for the required loan repayments to be made by them and for the SYME shares that were transferred as loan security for the HWCP Loan and the SLS Loan to be transferred back to TAG.‘

I presume the TAG V SLS will be precursor for apparently same situation as with HWCP making it even more of a squeeze ?

IMHO DYOR

Where does it say cash or shares returned? It is return of collateral being SYME stock. If they had sold them then they are long gone into others pockets. They still have a requirement to return them as stock so would need to buy them all back. If they lent them out to short then whoever lent needs to return them. This has been going on since last summer. It has been strung out until legal action taken on 23/2/24 by TAG which is coming up to fruition. The basis of the agreement is simple. Pay the loan back at maturity TAG being prevented paying back (last summer) and lender return stock to borrower in full. So what is the problem? IMHO DYOR

The collateral MUST BE RETURNED end of hence lawyers representing TAG issuing court case against SLS! If they have traded them them that is their problem to solve - traded? Shorted? Sold? They need to find 778,571,429 shares soon to return! This surely is what our current management of SP is all about how much longer before pressure cooker blows? IMHO DYOR

Luckybob that’s absolutely bull Sir! I simply do not understand you. You claim to be invested but come out with this stupid statement? Stock loan companies lend out ££ and use the stock (shares)as collateral against the borrower not paying loan and interest off at maturity. This situation is TAG taking SLS to court by them failing to meet their obligations under the agreement by not allowing TAG to settle the loan repayments at maturity and in doing so the stock must be returned. They cannot keep them ffs - it’s like herding cats here- basic stuff, basic premise and why TAG issued court case to SLS the defendants. You have commented many times on the weird price action and seemingly manipulative trading action. Well now you know. This is advanced case and judgement of return of collateral (shares held as security against the loan) and allowing TAG to settle in line with agreement will mean fireworks short squeeze here ! IMHO DYOR

Jarv on stock loan deals the stock loan company cannot sell them (only on default -TAG have not defaulted obviously they are being prevented in settlement of loan)- they are held as securities as collateral against the loan and have to return them back. Where on earth are they? Who has them? Why won’t they let the loan be settled and stock securities returned to TAG? Big problem to get them back from whom exactly? Where are they? Hence logically with that amount of shares outstanding has to be a short squeeze coming and combined with positive BIG IM news would see SP go mental (a return of the 2020 mega rise)! IMHO DYOR

Https://www.pacermonitor.com/public/case/52439988/Avantgarde_Group_SPA_v_Stock_Loan_Solutions,_LLC_et_al

Link for TAG V SLS

IMHO DYOR

So I am guessing are you all aware TAG are taking SLS to court (they did say they would look at legal action) which is now in advanced play (filed 23/2/24) in US as have not engaged re return of their stock securities after TAG elected to pay back loan. I wonder if this is why there’s been such a play here on the market this past 12 months? Were they lent out by stock co and shorted? (Obviously and wrong!) Would certainly explain the situation. So if this was the case when judgement given to TAG (why would it not as SLS failed to engage re allowing loan repayments against 778,571,429 shares being returned ) then what are we going to see here - a massive short squeeze as SLS are forced to buy them back or the entity/entities that lent them to short? Haven’t even covered the other stock loan company.

From 22/3/24 RNS

‘As detailed in the Company's previous announcements of 29 July 2020 and 17 August 2022 (the "Stock Loans RNS's"), SYME was notified by 1AF2 Srl (now called TAG) that it transferred a number of SYME shares as loan security to three lending platforms ("Lenders") and that the loans with each of these Lenders had the following maturity dates:

·    High West Capital Partners LLC (1,615,253,000 SYME shares transferred): 2 June 2023 (the "HWCP Loan");

·    Stock Loan Solutions LLC (778,571,429 SYME shares transferred): 24 July 2023 (the "SLS Loan"); and

·    Union Pacific Capital Ltd (3,500,000,000 SYME shares transferred): 9 June 2027.

With regards to the HWCP Loan and the SLS Loan, TAG has updated the Company that it has applied the loan repayment procedures set out in the contracts with the respective Lenders. TAG has also informed the Company that it has not yet received the required engagement from the Lenders of the HWCP Loan or the SLS Loan. As a result TAG is currently pursuing legal options to allow for the required loan repayments to be made by them and for the SYME shares that were transferred as loan security for the HWCP Loan and the SLS Loan to be transferred back to TAG.”

Here is the link to the court case

Avantgarde Group S.P.A. v. Stock Loan Solutions, LLC et al (2:24-cv-00137), Utah District Court

IMHO DYOR

One hour to close MM protagonists trying hard to shift the bid v ask but positive sentiment swinging hard to the buy side now. Let’s face it on the 135 million RNS over week and a half a go who seriously would have believed they could have managed it down to this low level? A good base climbing and forming for the real deal whopper transformation RNS’s on the horizon. The best thing AZ could do is machine gun them out one after the other to end this fake management and manipulation of the share price. Good things come to those who wait! IMHO DYOR GLA

Now 2.75/2.80 to buy any then NT into auction for large volume buys as only up to 14.5k available so likely to tick up and tip into a 3’s finish. Who would indeed want to miss out when THE news drops here! IMHO DYOR GLA

But entry from here for new investors or those who averaged down could be eye watering profits! I do think the company has been deliberately attacked and made out to be a ‘failure’ for a long time which is totally fake news. They have spent a long time building something unique building their IP to disrupt the trade finance industry and perhaps other trad market players don’t like this fact. As they get closer and closer where we are right now the faux negativity & boot kicking will ramp up from the players! See it for what it is and rise above it! IMHO DYOR GLA

Book has flipped and here we go! 2.710 to buy then NT so has the ‘naked’ short spoofing team had their knuckles rapped? No reason why we can’t now see a higher share price foundation for when THE news comes in. Looking highly likely to go into 3’s soon! IMHO DYOR GLA

2.510-2.60 to buy then NT so looking more likely…I note lots of usual detractors have turned up now we are moving up! IMHO DYOR

Because finally the really big IM deals are clearly on their way! Intraday or after hours today would be fantastic but has to be on the near horizon now! IMHO DYOR

Jarv55 you will find this in every report on the market it is all perfunctory required statements lol. IMHO DYOR

Luckybob literally do not put words in my mouth. I declared that the real trading bid and ask was not reflection of large seller and lo and behold the ‘cancelled trades’ from the early am drop were once again cancelled sells. Whose side are you on?

The independent auditor report on accounts released is a very good thing, reads well and gives us the confidence that what we have been told is A ok! I think this might finally put to bed the stupid and definitely damaging defamation of the Company by many and a certain you know who obsessed individual. I would however like to find out what is going on with these constant wearing trades which is totally a pure form of market abuse. At some point London Stock Exchange will need to remedy this, it cannot be allowed to continue! IMHO DYOR

Never seen so many? Anyway I just bought another 6k top up I am not playing their games. Seems either incompetent to make so many ‘mistakes’ on trades or deliberately doing - this isn’t retail but many direct to the book trades. BTW all those cancellations are sells from this morning so… make of that what you will but it’s clear it was not the true picture this am! IMHO DYOR GLA

It’s actually 2.31 to buy maximum 12k available then into NT once again smoke and mirrors played here. MM will take my entire large holding from me in one go no NT on sell side! Who is behind this scamming faux drop? IMHO DYOR GLA

Bizarre activities. Is the management of this to allow a ‘naked’ short to close? It’s been traded in a very odd way for some time. I can sell my entire holding however in one go with a bit of a premium. That doesn’t say large seller to me or makes logical sense. Seems plausible that a buyer who we can see has access to automatic trading system (ii) (fund) (market maker) has brought this to the absolute bottom in order to take large quantities immediately and repeatedly at the required bottom out price. Needs looking at! Holders buying alongside and not in any way buying the selling narrative however! IMHO DYOR GLA

Agree. This is the floor. Those posting lazy deramps, I bet a large sum that they know absolutely nothing about the company what they are building and what they are even doing! They probably don’t even know what sector they are in! A strong buy from this level. News around the corner! Any time, any day. Time to be in here, not out! IMHO DYOR