Member Info for Theanalyzer

Vagabond

If a few people write to LSE to complain then posts are deleted. Then don’t check what is said just delete them.

Why would I bother to write a post and then delete it?

Vagabond72

I don’t take down posts.

The facts about TAG having to borrow to pay RTOP and owing SYME are clearly set out in RNS statements. Investors just need to read them to know that TAG is strapped for cash and both SYME and RTOP rely on it for working capital and as such both face real financial problems.

I am paid or employed by anybody to write on SYME or RTOP.

Vagabond72

I am not AZ LOL.

Savvy

My account didn’t disappear.

Posting is often heavier post announcements when there is something to express an opinion on.

I post on a number of shares. Some I still own, some I don’t, some I never have.

Here is another thought for your theories, I note that the Comoli behind Venus was also an initial director of RTOP and resigned just days before IPO.

Savvy

The product simply isn’t that scaleable if AZ and his mates have to fund the first 15% of any loan.

Meanwhile the clock is ticking on the next SYME and RTOP fundraises. We know that TAG and its subsidiaries are strapped for cash because TAG had to borrow money to pay RTOP £100,000 when it promised to pay £1.4 million. Third time it has missed payment deadlines on RTOP.

With SYME burning a £400,000 a month the balance sheet black hole grows every bigger and is now north of £4 million.

Richred

If you look at last two years accounts and six months interims SYME had a negative gross margin I.e cost of sales exceeded sales in all periods.

If SYME can scale up then that should generate positive gross margin but at say 50% gross margin you would need to double your sales figure to get to breakeven.

BenFou86

You can’t rebut the working capital funding point and resort to stupid abuse.

You also ignore the fact that AZ and his mates had to fund 15% of the capital for this deal. I doubt they have enough money to fund the sort of scale SYME needs to reach profitability.

If AZ had the money why hasn’tTAG paid working capital requests.

Vagabond72

SYME has net liabilities of £2 million at 30 June 2023 and burnt £400,000 a month in first half.

So at 31 December 2023 deficit is nearer £4 million.

It raised a material uncertainty over going concern at interims .

It is reliant on TAG for working capital which has just missed 3rd deadline to pay RTOP its working capital on a timely basis.

Quite how you assume this stock is derisked I don’t know.

Ho hum

Jonahb

Why do you care and why does it matter? Whatever, I say you won’t believe or try and twist.

It is clear that I have been continually bearish on SYME and RTOP.

So far as a long term holding strategy is concerned I have been proven right. I started commenting on RTOP just after it’s obviously flawed IIPO and it’s down 90%

Some traders will have made money but not with a buy and hold strategy.

Do I always get my investments right, no. Have I suffered losses, yes and sometimes large losses.

However, I suspect my working career in the City of London gives me an edge over some other investors in SYME and RTOP when it comes to understanding financial matters.

An important milestone is 31 Jan when TAG is due to pay £500,000 to SYME being final installment of sale of 81% of Tradeflow.

Last year end results published on 28 April and interims were released on last day as well so I don’t year results until end April.

NOZ85

Why does the SYME share price have be kept down?

Nonsense statement.

Peak

Care to name any of the ways SYME can raise funds without a placing or CLN?

AZ companies have for 3rd time failed to pay requested working capital drawdowns on a timely basis for RTOP and now owe it millions.

SYME is also reliant on TAG for working capital funding and is also owed over a million.

Expect SYME to have to arrange alternative funding in near future so a placing or more CLNs incoming.

So AZ companies fail to pay yet again.

Offer a token £100,000 after deadline.

It looks like RTOP is going to run out of cash unless it can get a placing away.

Why would any creditor accept transfer of debt to RegTech Italy when it clearly can’t pay RegTech Open Project Plc?

AZ promised RTOP that RegTech Italy would pay £1.4 million by 31st December 2023 having defaulted on two previous occasions to pay full amounts on requested working capital drawdown facilities.

RTOP needs this funding to continue to trade.

No RNS yet on this clearly material issue.

Tick tock.

The RNS talks about major contract with this asset manager.

The UK company named Eram is not FCA regulated meaning it’s has a limited ability to recruit new investors and had net assets of under £40 million.

It has just 3 employees according to Companies House.

So by any measure it’s a minnow but this is apparently a major contract.

Also no mentioned of £1 million in cash AZ promised would be paid by 31 December 2023 has arrived.

DA just valued at $25 million by new external funding round.

A drop of around 45% to Tern’s June 2023 carrying valuation.

Significant reduction in Tern’s stake down from 53.8% to 29.5%.

Tern’s portfolio is getting crushed by decline in valuations of tech stocks which are loss making.

Main shareholders are retail investors through firms like Hargreaves Lansdown and Interactive Investor.

Retail investors own over 60% of shares through top 5 accounts on VRS AIM disclosure on their website which is out of date.

So AAC Cyroma sale not imminent.

Assets write down of £7.5 million plus LBIDTA loss OF £3.0 means net assets of close to zero and £10 million loss for year.

Still losing money circa £1 million last six months.

New placing at even lower share price meaning more dilution

Burnt whole of last of £400,000 placing plus a further £200,000 in last few months

What a dog

Extrader

As further evidence supporting your valid point about SYME suspension being a management failure I note that former SYME Chairman Dominic White’s company Dispensa has just released second set of interims due to change of year end and wasn’t suspended.