Member Info for Theanalyzer

Divvyup

The Tradeflow Customer Relationships, Brand and IT systems are all owned by Tradeflow and were valued as intangible assets at just over £9 million when SYME purchased Tradeflow. It’s in note 15 to 2021 accounts.

Staff contracts are likely to be with Tradeflow as well.

If you look at Centrifuge io coin and insert Supply up pos a link to AZ and he says accounting advise is EY.

AB

Mate read the RNS the year end accounts are due at end of April 2023.

Porsche

You do know that most of the bond holdings are used to back the annuity liabilities which decrease in value when interest rates rise? So insurers tend to be economically hedged against interest rates rises due to Solvency II requirements.

I suspect punters hoping for a large cheque will sadly be disappointed.

When a proper valuation firm looks at Tradeflow with its net liabilities at interim accounts of £2.2 million, operating losses of £500,000 and low and slow revenue growth of only £209,000, I can’t see them valuing it at £26 million.

I doubt they will get much past the £8.5 million that Tradeflow vendors have already been paid in cash and shares of SYME.

Without TradeFlow SYME will look even more of a joke.

I have read note and it suggests to me that the remaining $8.4 million of IM promised out of $10 million has not yet occurred.

If it had SYME would be both issuing RNS announcement and stating fact in this article.

Bulls and bears will find out what SYME has achieved in just under six weeks time when year end accounts get published.

Johnski

Livento has already reversed into a U.S. entity under NUGN.

What benefit is there reversing into Iconic a standard listed company with an active convertible loan note, and balance sheet debt of 1.5 million via 2 other loan notes?

Why would NUGN give a cheap price to Iconic?

Dr Calvin

Given Iconic was suspended on 4 June 2021 and only returned to listing on 25 Jan 2023 I suggest regarding a suspended shell company in administration with no staff and no ongoing business as a “diamond in the rough for tech investors” for last two years as complete and utter bull ****.

I also expect Iconic to undertake an RTO because that it was directors announced.

Argo007
Todays RNS is a standard RNS for lots of listed companies at end of beginning of month.

So nothing unusual either positive or negative.

Iconic clearly are planning an RTO and have stated that in an RNS.

Recruiting a senior investment banker is also a good move.

That doesn’t mean that a logical investor will value Iconic shell at £30 million or a 10 bagger from current price.

MickR

So you think Iconic could be valued at £30 million for a 10 bagger.

It’s a shell with £1.5 million of debt on balance sheet, a £2.25 million death spiral and no assets per its last accounts.

Why would any RTO pay £30 million for reversing into it?

Crynotman

OTT also benefit from saving Iconic as well to tune of £365,000 bonus on exiting administration and monthly £50,000 fee.

I suspect Ott will also benefit when they find RTO target to reverse into Iconic.

I am sure Iconic will spike on RTO but who knows what level share price will be at pre spike, or how big the spike will be, is a bet.

Scottiboi
For someone who claims to be invested you don’t seem to be able to explain pretty basic stuff and are quick to resort to abuse when you can’t answer questions.

I

Hughez87

Odd that if IWEP change was from ages as you ago claim that Collis and James holdings show no change even though they were awarded 106 million more share shares each in July 2022 to top holding up to 513 million shares from 406 million they previously held from Tradeflow acquisition.

Hughez87

I see you have now printed revised screen shot. Thanks.

I see that IWEP, a Dominic White controlled entity appears to have has dumped 5.5 billion shares when Julius Baer was buying 1.38 billion shares?

Elllltel
Extrader and I aren’t the same person. We do both look at SYME and challenge some of the claims made on its behalf by supporters though.

Mister Green asked me if I thought SYME was a fraud and my answer is I don’t know.

What I do know is that having institutional share holdings, well regarded directors, and respected trading partners doesn’t exclude fraud as some investors keep saying as I pointed out in my Wirecard example.

You will have to form your own.

Hughez87

Abusive response which doesn’t answer my simple question.

Why are TAG and Venus Capital not on list but Collis and James are with an unchanged holding.

Perhaps your mate can print off list of holders in descending order?

Except that Collis and James are both on that Bloomberg list with unchanged holdings both are much lower than TAG and Venus Capital

Julius. Baer is a potentially interesting development.

Can you explain why AZ’s holding via TAG or. Venus Capital holding aren’t on your Bloomberg screen shot? Both are well above 3% disclosure limits?

Ashden
What makes you think I am invested in SYME, just because I post on that chat board?

I don’t rate SYME as a share as most people who read my posts would be able to spot.

It is clear that some punters in Iconic don’t understand the risks and you seem to be one of them.