RE: Gross origination includes opportunities lost/not eligible2 Apr 2021 11:44
I agree with Jim. Most of us serious investors have jumped ship - me included. I invested in SYME last August at 0.0846p and considered myself one of the lucky ones to get in before the huge rise. I de-risked in the first week and left free carry. After yesterday's rns, I finally cashed my chips in, achieving just under 6 bags worth of profit. I trusted AZ to deliver a stonking update, but alas, that did not materialise. I have been very patient with my investment and was looking forward to 1p plus or at the very least, 0.8p. I cannot complain with an almost 6 bagger return on investment, but feel as though I have been badly let down. AZ said that he was 'thrilled' with the progress that had been made and that this year was the year etc etc. I literally cringed at every paragraph written in that rns yesterday morning. It was like he was paying us all back for the million squid he lost before Xmas last year. I think a 9yr old could have written a more eloquent rns. There was nothing of any real substance - just more smoke and mirrors imo. The last paragraph at the very bottom of the rns summed it up. We all know what it said. I don't have to remind anybody. That was the reason why I jumped. If I was AZ's sales manager and asked him to tell me what his 'shout' was and he told me that he had a pipeline of 187 customers, but couldn't tell me which ones were interested or had signed up, I would have asked him to break it down by saying...name of company, when are you going to sign it and finally, how much revenue? That is how I was trained as a business development manager for 20 plus years. His response would have been......ABC Ltd, I cannot tell you if they have signed or about to sign, I do not know when they are going to sign or indeed if they have already signed and in regards to revenue, I cannot tell you how much or if there is any meaningful revenue attached to this prospect in the first place. I think most of us would agree that AZ would not hold on to his job very long and would be shown the door politely. I am a great believer in the saying, 'Once bitten, twice shy'. Having us suspended for an uncomfortable number of weeks, not knowing if we were ever going to see our money again was the first bite and yesterday's rns was the second bite imo. I can now pay my mortgage off if I wanted with the money I made yesterday, so cannot grumble, but it is a real shame that this has been so badly handled. It almost comes across like they don't really care too much for private investors. I wish all of those who are still invested in this the very best, but have your life boats ready when the you know what hits the fan. Over and thankfully out!
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