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Sharebel

What about the €72 million payment due from TAG to Eight Capital / IWEP by end of June?

DW could get his hands on all AZ shares in both SYME and RTOP if TAG does’t pay.

I can see DW unloading if SYME price spikes.

Time will tell.

Sharebel

SYME are reliant on TAG for cash which it isn’t paying on time. In the SYME RNS it’s stated that TAG has experienced delays in getting finance.

I think that and fact SYME and RTOP haven’t been paid on their working capital loans from TAG supports my view that TAG is strapped for cash.

Posters who resort to abusive responses simply can’t rebut my point.

How will TAG repay the cash on stock loans when it can’t even fund TAG and RTOP cash requests and says it needs to refinance to do that and has had delays in doing so? Also why TAG pay the effectively much higher share price to buy back the stock lent out when it could get a lot more shares by supporting next fund raise at current price?

AZ is playing people just when he converted loan of £800,000 into SYME shares at way over extant share price.

TAG has to theoretically find €72 million by end of June or DW can basically get ownership of TAG through enforcing his guarantee. I suspect DW will extend the loan but at what price?

Interesting few months coming up

Here are some FACTS YOU IGNORE

Year end cash only £5,000

Largest net liability position ever £3.8 million

TAG owes SYME £1.7 million which remains unpaid and TAG is due to pay DW companies Eight Capital and IWEP €72 million by end of June 2024 so it is in deep financial trouble

Paying interest to Italian tax authorities for late payroll taxes

Carrying on ramping it hasn’t worked out to well so far

No TW tweeted about it yesterday.

Trevor

SYME were late filing their annual report due by end of April.

TW reported them to FCA highlighting this failure including absence of published audit report an suggested FCA suspend them.

SYME scurry around and publish audit opinion in separate RNS and say annual report will be out shortly so still overdue

Big loss as expected

Minimal revenue as expected

Material uncertainty over going concern as expected

Net current liabilities and net liabilities which mean SYME remain technically insolvent as expected

Cutting staff in 2nd half of 2023 and is being fined by Italian authorities for late payment of payroll taxes.

How long until next bailout placing and at what price?

SYME is on verge of insolvency and it is owed over £1.7 million by TAG which remains unpaid. Requested almost £1 million in 2024 but paid nothing.

SYME still overvalued.

Too Good 2 Die

Yesterday’s announced announcement was clearly a big positive.

You are starting with highest margin of 3% and ignoring SYME’s cost of delivery of providing its service.

To date SYME has operated with a negative gross margin. I do expect that with a much larger volume of IM SYME will now switch to a positive margin but breakeven is still some way off.

Hard To Handle

I think you have identified the wrong company. Nubaru was reversed into Tailwind Acquisitions not Tailwind Acquisitions II.

Itsagame

Have you factored in the reserve deterioration charge in your calculated NAV?

Peak

Nuburu is loss making and it has written its inventory down by 50%, it’s just over $1 million, so I think your idea about IM is unlikely.

Possible corporate transaction involving NYSE listed group Nubaru

Details on their website

Upzeplums

Your wrong.

The Banco BPM loan is repayable over 5 years with final payment on 11 Oct 2027 see Note 16 to 2022 accounts.

Extrader

Banco BPM are of course existing lenders to SYME for €1 million secured against group IP in Italian subsidiary so they already have a relationship with SYME.

Camkite

Wyld need the warrants T04 and T05 to bridge the funding gap between and forecast profitability.

Based on low value raised today I suspect they now will need more funding.

Wyld T04 warrants exercise price just SEK 1.83 which is why share price has dropped.

Wyld needs a good Q2 and Q3 to get T05 warrants in autumn away at good price or it will definitely need a further fund raise.

Tern may have some exciting prospects but Tern still has quite a high expense ratio relative to its net assets and its 4 main companies still require regular cash funding as they haven’t reached profitability yet.

The result is that Tern consistently needs to raise cash.

I don’t see that changing that quickly.

Deacs1970

I think Standard List is marginally worse than AIM because there is no NOMAD that is supposed to sign off on RNS announcements although some NOMADs do sign off some right old pony.

Deacs1970

SYME is a Standard Listed not a Premium Listed company on main market.

Many Standard List companies have performed badly e.g SYME, RTOP, Dispensa, Iconic, Gild. Chill

Some really poor quality business have reversed into small shells and it’s the same as the worst of AIM.

TwoGood

It was extrader not me who raised gig point