Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
He's been told wallet investor is pointless all the time but still posts their rubbish.
Eqt were going to be worthless in a year's time according to them 2 days ago.
@burger. None, probably. The current SP is the promise of future value and even that's too low. Should be 0.6ish imo
Simple metafor as people seem to be struggling....
We'll use unsold TVs as the example.
A TV company has lots of unsold TVs as COVID has kept the shop shut. They need money.
SYME, after doing due diligence, are willing to accept the company onto their platform that will put them in touch with people who have the finances to buy their TVs off them through the platform. SYME don't buy the TVs. The SYME platform then monitors the TV inventory that was sold, as it's still i nthe TV company's shop and as the TVs are sold to the public once again, the money paid by the finance people is returned (plus their cut).
If the TV company went out of business before they resold all of their TVs (and therefore repay the finance people), the SYME platform has already covered this by having a contract with a reseller to buy those TVs, again through the platform, and again at no financial risk to SYME. Insurance is also provided to cover losses to the finance guys.
Simple, simple analogy. SYME is like Excel. If you write the wrong formula in your company spreadsheet and make a mistake that affect's your company's financial position, it does not affect Microsoft's finances just because you used their software.
Even if shoe shine wasn't talking balls, he's saying he bought shares and THEN researched it. Not too bright that one.
Yeah. Very strange. I can see the RNSs on the other site but not on here.
Not sure why you mentioned BP. Bit random .
The point I was making was on contracts that would need to be reported, obviously. I'm not talking about the CEO signing a phone contract with 02.
I know this isn't allowed but theoretically couldn't a business have a contract that is ready to sign and just hold on to it for a little bit longer and not sign it (blame lawyers or something) so they could choose when to release an RNS by signing when they needed to or is that not allowed either?
... for the sweats to have stopped.
I wonder if some financial institution has leaked some news that we don't know about... Or is this just anticipation of an RNS?
Yep. AZ option. Price has to be at least that on 31st December for him to claim his option otherwise he wastes his 1 1 million he spent to buy the option.
Only thing football clubs have of value are players and I think there's a name for the selling of people so they're owned by others.....
Can only be executed on expiry date (European rules on options)
Don't forget that if AZ gets his option target he'll have to spend a further 4 million quid on buying his 600 million shares.
I know he can't hold back info so I hope either an RNS in the next day or week will be so massive it will smash his target so he can claim his option on the 31st or there will be multiple RNSs or there will be an RNS only when we get closer to the option date.
Depends on where you're taking your data from. If you look between 13th October and now, we're up 12%
I wonder if cars would be an inventory that would be suitable for putting through Syme?
If a car is £20,000 to buy today then they could sell it through the platform for 20k (I'm ignoring fees etc for my example)
This year's model will be worth £15k in 12 months time as people like new so would not buy last year's model for 20k so it have to be sold through the platform taking into account its reduction in value so would it be sold through the platform at say £12,000 to compensate for this?
I thought it would be more likely that Syme wouldn't be used for inventory that naturally devalues massively with age.
There will probably not be enough shares at the price you want so it won't work. Lower the number of shares or increase the price. That's my understanding of how it works, anyway. I could be wrong.
I too was also hoping that the delay in release was due to the interview having information that would require an RNS first.
You just look at the RNS that says we are invested in Mode.
More proof that wallet investor is a waste of time for penny shares.
SYME isn't on AIM.
And 10 quid a share in 6 months. Give over.
Bottom of the pecking order so have to wait. The downside to a free trade.