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IMPORTANT- It’s a REVOLVING facility the 135 miillion is the maxium underwrittrem at any one time by the bank - it moves revolves inventory goes into it then out on repeat on a weekly, montly basis. It’s not that % dead of the 135 million total IM underwriting your basic calculations are incorrect! And also 1-3% will depend on each of the companies within the IM new and the amount of inventory going through the IM facility - IM INVENTORY MONETISATION! Millions to be nade from just this one IM using ths Supply@me system not trad financing! It is 1-3% of each continuous inventory entering the IM blockchain system at any given time to a maximum of 135 million underwriting by bank at any given time ! IMHO DYOR
Fisch - I suggest that you are making huge assumptions and your advice comes from someone who has sold out but forgot to buy the bottom. Have a try tomorrow because it is you who is the trader here not me. If I sold my position then the amount of my position would make it impossible to get that same amount back in stock. And I am not willing to do that for a long time yet. I really don’t need to be schooled or patronised by you on SYME! You’re giving advice at rock bottom prices with no skin in the game after key progress made! Lazy insults is all you have to offer! So perhaps find another stock you do like and take your trade elsewhere then! IMHO DYOR
I strongly suggest Luckybob you dig deep and take that its the best news we have had in a long time and get behind it. I will ignore the Arthur Daley insult and the rest but why do you feel the need to! You can’t short it lol thats an amateur statement if ever I saw one. You need a better broker or an actual broker! We are talking deep pockets not pi’s anyway! I can’t abide shorters in any shape or form but the trading pattern here has been pretty odd for months. I suspect there’s an element of naked shorting going on here too.
If I want to post the market mechanics of a pivotal day and why then I jolly well will because I can tell you now I have a hell of a lot of capital invested here than the average Joe so I’ll sound as many bells and whistles as I like! This is not a pump on hot air rise or rumour this is probably the most key thing AZ has done is to get this in place. The IM is revolving & a huge income stream once the wheels begin turning it is not jyst 1-3% dead it’s IM with each company on repeat. That is then set in perrpetual motion which was the original model. We can also expect now green light switched on many more IMs across the multiple jurisdictions! I am delighted and so should we all. So Lucky enough with your misdirected insults! It is marked as a strong buy because it is! IMHO DYOR
Lucky why are you so worried because finally SYME has had some pivotal key progress with announcement of their first fully functioning and funded signed IM ? So aggressive and this is why I never post on here because of the agenda laden posters like you who camp,on here. Dribble? Lol that is coming purely from your own gob! This board is often a sewer and the usual suspects are always on a downer. Hardly a spike, we haven’t even begun yet with less than a few hours trading and some profit taking got us into 4 lol that’s the language of someone who is bitter and twisted or who sold too soon, more likely you’re nervous on your own spreadbet here. The scene is set for a well deserved rerate for SYME now you should be delighted but you’re not which tells me all I need to know! IMHO DYOR
I think you will find it’s very much that esp if you saw the shenanigans on Level 2. Shorts now need ro finally close here. This is the first and proof of concept large deal which is a continuation REVOLVING money maker IM and when it dropped intrday the SP happened to have been hammered to an all time low. There are many waiting for this moment to roll out the othes in many jurisdictions inc UK, middle east and USA. Are the detractors honestly saying we should be trading in these murky low depths? Don’t be ridiculous. There was indeed a concerted effort herculean to not let SP escape over 4.00 just yet! The profit takers took their crusts and the ones like the deep pockets 10 million clip buyer are awaiting the real rerate! This news from this level is not ‘priced in’ and it would be ridiculous to state that it was! You also have to remember it came intraday not everyone has even seen the RNS yet! IMHO DYOR
No MRRR this is definitely different and not same pattern now don’t get sucked into that now - it has been a long time coming but when it did we were at rock bottom and now this huge progress will be finally relfected in the SP. I do think shorts were blindisided definitely no leaks and hence NDA’s and no name of bank. Happy to see this climb substantially now and it will! This is what we have all been waiting for and now expect AZ to start the news machine up with interviews and more different jurisdiction IM’s coming through thick and fast! Well done to all LTH you’ve been through a lot of pain but now come the rewards! IMHO DYOR
10 million buy clips on repeat. Stock to fill these from sellers being mugged from lower down. Managed to grab a few more before it went to NT! Constant auction on buy side for any real volume buys. This is now the start of the rerate now climb back up! IMHO DYOR
Well 4 been paid oveand over and it’s not letting up despite the MM trying it on as it’s in constant auction on buy side and nothing decent size available! MM need to wind necks in and no more mates rates for shorts! IMHO DYOR
In auction both sides now MM will have to mark it higher as volume of buys is insane. Don’t be surprised if you have to pay in the 5’s soon now to get any! MM really caught out today lol bless them and the shorting sharks! They were not expecting that gamechanger news dropping! Let’s see where we end up by close! IMHO DYOR
Agree finally that is a huge milestone marker. I think now is the time to get in this could flip easily into that historic 2020 1000% session. And that was before an IM was closed. It has been a very long time but finally it delivers! Looks like MM caught on the hop with the intraday and trying a shake down lol! SP plainly far too low after that news! IMHO DYOR
Just checked in and found sleuths have found our buyer well indeed thanks go to Blockchains. However they have announced to world so it would be nice if administrators/company could release info to us soon. We shouldn’t have to find out oursleves. However optimistic of some return to shareholders if they bought the lot. Let’s hope administrators got a good price! Clearly valuable if this top Japanese company bought it from us! IMHO DYOR
Rodney do you not think that PK when appointed interim CEO on 18th Jan and privy to all the info and intel could have set out eg the reasons/ case for ‘failure’ of COPL better to court and highlighted the massive shorting activity by Anavio as a major contribution even the graph of their shorts literally follows the timeline of the share price movement and of course had effect on access to lending/raising. He really did not put much emphasis on it simply amending the affidavit with a few lines which really did nothing. Why did he not clarify eg the disparity in RNS company debt amounts communicated to us and then the difference in amount in figures once court docs filed the list of creditor amounts - has he addressed this ever yes they had TR’s name on but he was interim CEO at that time? Why reluctant for shareholder meeting/RNS etc can’t simply be a cost saving exercise? IMHO DYOR
Lol my position in a moving market thanks to the unexpected fully funded for next 12 months placing is that my average is now circa the placing price! Living in your head rent free it seems! I also said the company should have raised higher but a short was used to bring down the price to negotiate the placing lower. Keep up! What do you MunnieMoron care about any investor here and their own positions here? I have welcomed the opportunity to gain more shares and a ridiculously low average as we go into the most transformative year for 88e from explorer to producer! Why would I take your advice to sell at barrel bottom 12 month ATL? I don’t run 88E or the markets but here and now it is a strong buy! Placing forward sold, no more cheap stock. MM leveraging to collect stock if you followed! Literally go away. Take your beer money spreadbet and sling your hook leave it to the actual investors! IMHO DYOR
No they don’t own them yet will take a while to do legalities transfer of ownership. Months. But what effect would a class action shareholder lawsuit have - would the sale/transfer be halted pending the outcome? Would regulators be forced to complete an investigation into all of this finally? IMHO DYOR
It is 16.40 for small amounts then to 16.49 to buy medium and then NT for large volumes lol. MunnieMoron at it still! No evidence of any large sells dribs drabs yeah let’s all get out at the bottom…or do we buy? There’s a conundrum! Naked shorts getting more and more exposed as placing stock forward sold last few weeks so actual reality is there is no cheap stock availability to clear that lot! News on JV partner farm out/buy out 25%, results and an interview coming down the track this week! Happy to buy and hold very tight thanks! IMHO DYOR
Don’t forget that the placing stock has been foward sold over the last few weeks. There may be dribs and drabs left but that’s it! Don’t be fooled by the Oz fund shorting crew with their tag teams on here day and night with their nagative drivel diatribes on repeat even on weekends lol. Their agenda is clear to try and keep the price suppressed for as long as they can to cover their massive short! Why else are they camped on here. Best to ignore their pathetic nonsense and focus on our massive 2 x new commercial oil discoveries and the JV partner takeover/farm out to be announced soon as well as news on multiple project fronts coming down the tracks! IMHO DYOR
MunnieMoron IF you had the slightest iota of what the ‘market’ is doing you’d be dangerous! Thank god you’re a simple shorting spreader with a few hundred beer tokens at stake! I have welcomed the current opportunity to buy more with my average now sitting comfortably in the placing price level! Only way is up from here as placing forward sold weeks ago, shares shorted and here we are! So you never answered my question where o where did all that stock come from last week? It sure as hell wasn’t from pi’s! Dribs and drabs left of the forward selling as they officially don’t come to market until next week…and market will have us believe the charade when its actually now stock needed for the short cover so no market awash with stock. Placing stock is long gone!
The best thing that the company should do is to bang out one positive RNS after the other and an interview and that’s easy now as we enter a rich news period anyway! Then watch the naked short Oz fund get squeezed out and hey presto SP rises and we are the best thing since sliced bread once again and the herd gallop on in! That is how it is done! IMHO DYOR