Member Info for Theanalyzer

Savvy so despite uncovering the cunning plan of 10 pumps and dumps on SYME you still haven’t managed to make money trading the share?

Savvy

In response to your comment I posted on 28 March 2023 and then again on 20 April 2023.

That is just over 3 weeks but then you don’t let facts get in the way of your daft conspiracy theories.

Why do think me posting negative comments on SYME means that it is easier for AZ to dump shares. Surely I should be ramping the shares to help the dump?

I do agree that AZ has caused private investors to lose millions with his endless non delivery and promises of jam tomorrow.

Mr Green

In the Banco BPM deal, the bank only loses if client defaults and the losses after sale of the cheese against which the loan is secured exceed 15%. The first 15% or equity layer is secured by CH Trading Hub owned by SFE.

The risk to the bank should be lower because the cheese in question would typically appreciate in value as it matures over time and is a widely used commodity which should make recovering value easier than if it was some specialised type of inventory with fewer end users.

My understanding is that SYME is not liable for losses on monies lent to the client because it isn’t a counterparty to the lending or true sale to the client but it might lose some fees if the client defaults as fees are charged annually.

The BPM White Label deal has been in progress for a long time. Supply stated it was advanced stages of formalising a White Label IM agreement with a leading Italian banking Group back in September 2023.

RTOP is f**ked,

No update on cash, which means none has arrived.

Administration/ liquidation next week.

Savvy in his conspiracy theories accuses TW and other posters of being TW, of using inside information to criticise the company.

However, he is confused. Why would negative posters be useful to AZ, if as Savvy says, he is trying to dump shares?

Surely you would positive posters buying and ramping the shares, claiming personal communications with AZ etc.

Being positive or negative on a share on a bulletin board doesn’t in the long run, more than 4.5 years in this case, drive the share price, results or the lack of them does.

He asks how negative posters know things, it’s called reading the RNS announcements with a critical eye.

Like the latest dog ate my homework excuse on the Banco BPM deal delay that SYME can’t find a reseller for the Italian cheese after months of searching. How long does it take to run credit checks on a list of sellers of Italian cheese of sufficient scale to meet the volume of likely resales requirements?

Or it could be AZ promising to sort out TAG accounts shortly at AGM back in June still not finalised for 2022 and now 2023.

Or the debt settlement with Eight Capital due on 21 July, still outstanding almost 3 months later.

Or historically using Parzival Partners, a tiny firm and an another firm nobody has heard of, Holiday International Investments SA, in the valuation of Tradeflow Capital paid for by 500 million shares worth £1.9 million at the time for a acquisition they valued at £31 million. Cumulatively Tradeflow vendors effectively sold Supply 19% of Tradeflow for £6 million in cash which Supply now value at just £237,000.

John Terry

Tern sold 1.7% of DA back in August 2024 for £233,000 valuing whole of DA at just £13.75 million and Tern own just 30% so it’s valued by Tern at just over £4 million.

At 10 pence Tern would be valued at almost £50 million.

Go figure as Americans say

VRS is a loss making, cash guzzling company with a £5 million loan on which repayments commence in February 2025 .

I make that 4 placings so far in 2024 plus sales of two businesses.

A stock to avoid unless your a smart trader who can get in on pump and out before the dump.

Monsa

Your ignoring the 2% fees which take effective interest rate to 15%

The warrants also add to 5he effective interest rat3 as well

Just under 3 weeks to RTOPs deadline of 31 October to publish accounts.

Still not announced new CEO, new auditor, or Funding update.

If you read post balance sheet events notes for SYME 2024 interims and 2023 year end accounts you can see not much cash was advanced by TAG in the last five months, the headline £1.2 million came in period to April 2024.

If these strong sales growth rates and strong gross margins persist Probiotix will be nudging profitability in Q4 2024 and 2025 could be the breakthrough year.

The potential is not remotely reflected in current market capitalisation.

Yes we trade at multiple of revenues at present but as noted above we could soon switch to an earnings multiple and a fast growing business at that.

TwoGoodToDie

Your bogus theories have more holes than Swiss cheese.

Customers who have actually signed letters of interest or terms sheets is £124 million.

So SYME revenues assuming 100% conversion of the more credible sales pipeline for SYME revenues agent is presently £1.24 million to £3.72 million using 1% to 3% charges.

From that you have to detect SYME’s processing costs and legal fees for drafting all the contracts. SYME deals are much more complex than a routine sales contract. At present SYME lose money on their IM contracts because of their small scale so nobody has any idea of sustainable gross margin but it isn’t going to be 100%.

You have the added problem that Banco BPM want someone else to take first 15% of the risk on the initial IM deal . Who is going to finance 15% of £124 million or are you simply assuming that Banco BPM will change their stance on this aspect.

SYME needs to raise cash urgently, and assuming it can, the next fund raise will be heavily dilutive.

TwoGoodToDie

Mate they haven’t completed the first WL IM deal which has been in progress for over 9 months and your banging on about expanding the deal.

10/10 out 10 for optimism.

0/10 for probability in near future

Next bailout fund raise to occur shortly

Gosh the bulls are easily pleased.

The sales pipeline is irrelevant until Supply get material levels of funding.

The BPM deal is now being progressed in Q4 2024 but over 9 months to get a €10 million done is slow. Amusingly the reason by SYME given has nothing to do with the various Italian Central bank approvals nonsense invented by TwoGoodToDie.

The big digital assets deal looks like it has hit the buffers unless they increase funding size.

SYME remains a loss making, technically insolvent company which still promises jam tomorrow.

Total revenues just £39,000.

Loss before tax £1,468,000

Net liabilities £2,792,000

On the plus side it hasn't gone bust yet.

TwoGoodToDie

SYME interims don’t need an auditor review and have never had one in the past.

Not a good sign to miss 7.00 am deadline on last day to publish interims.

Suspension coming?

Chewy

It’s a typo

I meant to say i wouldn’t want to be in Syme over the weekend because I don’t see good news arriving on Monday.

WiggyP

Correct interims never need to be audited.

Sometime interims are reviewed by auditors but smaller companies like SYME and RTOP never bother with this.

I suspect Amy spends a lot of her time trying to fend off angry creditors as to why they haven’t been paid yet.

SYME has issued a number of Prospectus documents, Tradeflow acquisition and disposal accounting, dealing with various loans has put in place, accounting for Tradeflow disposal etc its not been a simple company.

If she has any sense she probably also busy looking for a new job.

Savvy

Given yesterday TW had a negative article how does that tie up with somebody later buying blocks of 500 million shares for over £20,000 a time? It’s not as if was encouraging people to buy.

I do agree that AZ has overpromised and undelivered on a massive scale.

James Coyle and Albert Ganyushin have reduced scale of rampy AZ activity via podcasts but AZ remains unable to deliver on the RNS promises he makes.

He said at AGM meeting that TAG loans to Eight would be sorted and TAG accounts would be filed in July. Two months later and the loan remains outstanding as do the TAG accounts.

Non delivery of revenue and ongoing losses is the reason why share price has cratered.

Monday it’s either suspension or miserable results and promises of jam tomorrow possibly with a refinancing event and usual ignoring of failure to deliver or the dog ate my homework excuses.

I would to want to be in this over the weekend.

TwoGoodToDie

SYME has already filed its 2023 audited accounts.

I think you mean 2024 accounts which don’t have to be issued until April 2025.

So SYME have plenty of time but I don’t think engaging a new PIE auditor will be that simple.

PIE auditors get additional scrutiny from FRC and who would want to take a new client with additional expense of a first year audit, with significant risk of non payment of fees and reputational damage by being associated as auditor of failed business.

We should find out by Monday just how big the deficit in the balance sheet currently is.