Member Info for Tallchad64

Mick2 I dont think so, as it seems to me that the institution already has the shares. See my earlier post. There are 2 regulated iis with 1.63bn shares and one of these is prepared to pare back to a round 1bn

This is a positive RNS, it shows AZ (OG) is/are very confident of the road ahead and greedy for more shares and looking for inventive ways to get his hands on them. He can't buy this volume in the open market, we all must know that..... So a regulated institutional entity is prepared to write an option to provide these shares subject to these conditions. In my view this RNS clarifies that this isn't left pocket/right pocket smoke and mirrors, but a genuine arrangement. Reading between the lines, confidentiality means that the full details of the arrangement cannot be revealed, which I take to mean that there is an existing investor with 630m shares that has agreed to provide these shares, and further that the price is not for disclosure.....I don't believe this is necessarily 0.6945p - may be higher or lower. The important factors are that AZ has declared this transaction exists and clarified that it is not a related party. Looking at the original prospectus, it has to be either Parrot Capital (Global Capital plc) or Equita SIM - both are regulated institutions each hold 1,630,000,000 shares.

The more I look at it, the less clear it gets. Who is on the other side of this option and is it a person already connected with the company, or with OG? Is there a purchase price agreed? and if so why is this not disclosed, whereas the price of the option (the premium) is? I am going to write to AZ

reading it again, I dont believe these will be new shares issued by SYME, if they were, then this would be stated rather than SYME being 'notified' by the OG. Instead it is either an existing holder, or a MM. I suspect the former, so who is the existing holder?

Hi Ismalia, yes aware of these factors. I guess the key point here as I understand it, is that under AIM rule 14 the shareholders need to consent to the take-over at a general meeting. Not sure of the rules, whether it is an ordinary resolution (50%) or special resolution (75%) and/or whether the shareholders that can vote are those deemed to be 'independent' of the transaction. However I take some comfort that our position will be protected and we should do okay out of this? I'll certainly keep my eye on this!!

I'm a long-term holder here with 6m shares. originally bought it for the lithium prospects, and since held it for the BrandShield prospects. It's been a painful ride. Hard to tell if I'll get some upside out of this? Or will they capital raise and dilute the existing holders? Would appreciate if anyone has any insights?

Thanks badeli have already been in and out of VELA with a small profit. I think we are on the same page on this one, same reasons and punt money. Just surprised this is so low, with Akers involved. To my mind the lower the market cap, the more attractive as an RTO target, so I reckon this has got some bags in it

Good luck to us both badeli. Presume your rationale was like mine? a v cheap vehicle ready to go, and Akers in the wings?

Let's hope so, I'm hoping the grand I have punted here on my ISA will pay for a nice family Xmas.

Lets hope not, but for some reason I continue to hold even though I suspect its the case

Just bought in, but my buy is showing on MLVN.GB.PL which is up 22% today. can I just check I'm in the right stock??

Spot on StevenP.

Reading between the lines, a stable share price and market cap is supportive of AZ's negotiation position with institutions. he is saying keep the faith. Also he is saying things don't happen overnight, there is due diligence, internal committees etc. that need to approve investments into SYME and its securitised notes. This isn't something that can be rushed.

Are they really comparable business? WEY seems to be purely on-line so far more scaleable isn't it, and without the same cost burden of a physical presence. Also has MLVN cleared it's debt position with the recent capital raise?

May be stormharbour

MMgames WeShop iPO has been on the cards for a long time. When did it go IPO? Can you share a link?

Specifying the price in the RNS indicates to me that cash changed hands. L

Yep £6m or thereabouts. That’s not an insignificant sum. Institution is a broad term, my guess an origination partner, an investor in the notes. Either way someone sufficiently impressed with the business and its prospects that has done its due diligence

....but why are they selling their holding in WeShop? Theories anyone?

Why are they doing that? Think about it........theories anyone?