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Market Manipulator posts about the technical indicators saying buy SYME.
He ignores the cash crisis.
How about AZ shows shareholders the £2 million cash owed by TAG
Roger65
Verditek will sell all of its assets for £50,000 in cash and cancellation of its loan notes.
You keep your Verditek shares which no longer has any business or assets but it retain it stock market listing.
A new management team may put some cash into Verditek and try and find a new business venture to buy.
The alternative is probably insolvency and you get nothing for your shares.
So Ricketts wants more cash from this broken business he ran into the ground before he was sacked as CEO.
He waited until after they paid him most of his cash before suing.
What a piece of work.
What DW TW connection?
TW got Eight accounts materially restated by the FRC and got Dispensa to restate its last interims and was negative on SYME when DW was Chairman.
I don’t think they are great mates!
SYME is a company that has an ongoing material uncertainty over going concern because its major shareholder owned by the CEO isn’t paying its working capital requests on a timely basis .
It had a deficit on shareholders funds of £2 million at interim stage, which is growing at around £400,000 a month.
It may shortly complete its first label IM for €10 million which will generate €150,000 before costs but the bulls believe that will snowball into a huge revenue stream unlike the VeChain deal back in June 2022 and U.K. IM deal six months ago which to date haven’t moved onto next stage.
Time will tell .
Hard to Handle
How do you know she has left?
Year end results are due by end of April so the June reference is somewhat odd.
GingerHippo
The contract for difference is in the TR1 holding RNS
Omni reduced their holding via reducing their long contract for difference. They sold no actual shares. So the selling prior to their RNS TR1 was by other parties.
Peak
The people who speculate about DW wanting a low SYME price don’t understand the facts. DW via ECP and IWEP limited is owed €72 million in debt by an AZ company and the security for the debt is circa 8 billion shares in SYME and a guarantee from TAG for any shortfall the in value of SYME shares. DW wants SYME price as high as possible to maximise his loan security both in terms of 8 billion shares and TAG’s remaining holding in SYME. It doesn’t make sense for DW to reduce the share price of SYME.
The Chosen One
You just said why would you buy large blocks of shares and spike the share price and now you are talking about buying large blocks of shares.
You can’t even keep your story consistent.
What a joker.
JP. Mustang
You make some good points. I also wouldn’t expect a bank or other regulated business to use a service provider that is struggling with working capital as RTOP currently is because its drawdown requests aren’t being paid.
The Chosen One
Utter nonsense.
Banks with balance sheets of hundreds of billions don’t buy a few hundred pounds worth of shares at a time.
A bank lending €8.5 million when it already has loans of €110 billion isn’t exactly a game changer for the bank.
Carry on with the ramp.
Tomorrow we should find out whether TAG has paid SYME £500,000 and if it has now paid £1.5 million of requested working capital outstanding at 5 December.
The Chosen One
So the £1.5 million overdue from TAG in working capital requests and £4 million deficit in net assets should be ignored according to you.
SYME hasn’t completed its first €10 million but you stupidly forecast they will quickly get to £500 million.
I think you are the master manipulator back with a new user name but with the same poor quality, superficial and inadequate analysis.
Lol
The ChosenOne
What your take on SYME’s working capital position?
Nashwan
The value is the intellectual property rights and not the manufacturing which can be delivered by third parties.
So Sweetbiotix can now be manufactured at scale and has passed taste tests which is all positive as is need to move on from other sweeteners.
I think that given the scale of companies involved progress to launch will I suspect be slow.
Shares will only really react when we either announced commercial deals or perhaps only after revenues start arriving.
Ria
RTOP is facing insolvency. Its financial backer owed it £2,954,000 and only paid £100,000. Look at 4 Jan 2024 RNS
RTOP’s working capital requests are 14 times today’s contract win.
Its a total dog, don’t listen to stupid rampers.
Omni reduced their long cfd position. It’s a long position because its added to shareholding and warrant position to get to total holding and % interest.
Unfortunately the donkey that posted comment does seem to know that cfd can be long or short.
Meanwhile SYME has dropped 8% so far today.
Profit Jock
They reduced their CFD position by 162 million shares and dropped below 3% holding.