Member Info for Theanalyzer

Hughez87
I see you keep including DW to step down as chairman as key news.

DW announced he was stepping down in July 2021. We have since had James Coyle join and leave.

Shows how out of date your list of so called news is

Strangemartian
You are right SYME did change contracts for IM and now that fees aren’t refundable revenue has declined as you can see if you deduct interim revenue for SYME from year end reported revenue for SYME it was only £8.000 because who in their right mind would sign up and pay for a service that company can’t deliver?

SYME and VeChain token have a lot in common, both fell massively in last 12 months.

In real world SYME continues to generate chunky losses and burn cash as interims due in just over 3 months will show.

First IM, IM 3.0, NFTs, digital assets and Peakhope is in over the moon

Reality $1.5. Million of IM worth buttons in revenue and a kick the can down the road for another 6 months to see if $10 million of IM can be achieved. Hardly the $8 billion promised historically.

Desperate stuff after yesterdays Reach RNS all to get increase in authorised shares capital approved after AGM or SYME is dead

Bluebelly
The administrators will have control of subsidiaries because they control parent which owns all the shares.

The U.K. subsidiary is reliant on parent for support and has a charge over its assets from lender.

The lender holds all the cards and will be keen just get its cash back

The administrators will be looking for a quick solution as DDDD is a cash burner which probably means a trade sale to clear debts or if someone can underwrite an emergency convertible loan a rescue that way but my prognosis for shareholders is either Nil or a token payment.

Very sad news for holders.

Dickie

When Icon returns it will have very little in way of assets being a bit of cash and shares in GSN.

It’s largest creditor will be convertible loan ( the sefton liabilities will be offset againgst sefton related debtors)

So I think it will undertake a consolidation of shares, agree a significant increase in authorised share capital to allow EGHOS to convert liabilities into shares. It is likely to also have to find a way of settling other creditors probably via a further convertible bond issue.

It als has to get accounts up to date and hope that it’s listing isn’t revoked after around a year in suspension.

Can’t see much value for shareholders myself.

Elllltelinv
I am negative on SYME and have been consistent in that view. I offer an alternative view to blatant rampers like Hughez87 with his out of date list of news that is expected shortly.

My view that SYME isn’t a great company have to date been proven to be correct. Yes you can make money trading it if you get timing right. I don’t trade like this nor I am short.

The ongoing losses financed mostly by share issues but partly by Tradeflow loans which will continue to depress share price unless SYME launches IM.

Time to get off to work.

Peakhope
Yesterday’s RNS Reach was a course a positive but being able to finance a bulk commodity crop Coffee in a warehouse isn’t a big step away from financing a bulk commodity crop in a ship imho.

For second six months of year, Tradeflow revenue was £259,000 and it lost £407,000 on that revenue. So Tradeflow revenue will have to more than triple before Tradeflow starts to generate a profit to offset SYME losses of over £1 million and central costs of nearly £3 million.

It didn’t prove that SYME can raise finance for its own much more complex IM process and that it’s no debt via True Sale works.

In just over 3 months time we should get interim 2022 numbers which should shed further light on financial progress at SYME I am expecting losses in region of £2 .5 to £3 million, possibly more.

In a few days SYME will get approval to issue up to a further 26 billion shares and new round of Venus Capital share sales will commence.

Hughez87
As usual your post is grossly inaccurate.

Tradeflow buys the commodity asset using in house funds at hefty discount to market value and Tradeflow don’t claim to offer the no debt feature that SYME claim and the FRC don’t think works.

So it isn’t the first monumental IM it’s just a little more of what they have been doing just now with a DP Cargoes client

Is it good news yes but is it a game changer no.

Your reminder that Tradeflow current is loss making even before interest on its borrowings and it’s biggest constraint is lack of funds and not customer opportunities.

I note that no details are provided of likely contract value.

Almost 6 months into new year and this is best news that SYME can pump out to the gullible investors desperate for crumbs of news before it gets authorisation to issue up to another 26 billion shares to mug punters to save group from insolvency.

So far SYME will have burned well over £2 million more cash in last six months.

TrevorBrooking
Yes it’s only payable if met and SYME have already charged £1.4 million to income statement for 2021 cost and SYME currently estimate remaining amount at £3 million payable in shares in the future.

Of course remaining £3 million may not become payable but at present it’s the best estimate of total cost.

TrevorBrooking
Have you factored in the deferred consideration payable of £4.5 million?

Castle
Tradeflow cost a lot more than £4 million
You need to read the accounts it’s over £13 million

Napalm
I think the language used about FRC in annual report is the FRC requested language because the end comments about knowledge and business understanding also appear in Eden Research 2020 accounts after Eden’s own FRC investigation. It’s a caveat put in by the FRC not SYME.

Only people who don’t understand how the FRC works would try and claim that the FRC requiring a company to disclose that it as the U.K. corporate accounting regulator had reservations in their annual report about whether proposed unique financing solution works as promised would try and argue that is not a major red flag.

Any credible finance person who is performing due diligence on SYME to see if they could use this solution will if they spot the FRC comment be unlikely to proceed further.

Hughez87
Why not update your list rather than resort to crude abuse?

TrevorBrooking
I know who I would trust over AZ and the FRC when it comes to accounting matters and it isn’t SYME.

I suspect if a transaction does ever occur the FRC will be all over it like a rash.

Steadyasshegoes
Hughez87 list is full of out date rubbish and you think it’s a great post. LOL

Easiest example no 24 DW to resign as Chairman.

James Coyle has joined and resigned since DW resigned.

Why is that listed as a positive?

Hughez87 is simply too lazy and stupid to remove obviously out of date information from the list

The-Palladian
The fact that SYME did not disclose the FRC investigation in the RNS tells you a lot about openness and transparency of Directors in my opinion.

TrevorBrooking

It’s in the annual report under report of the Audit Committee on SYME’s website.

They didn’t publish this report in the accounts RNS

The UK’s accounting regulator the FRC are on the public record in SYME’s accounts stating that they don’t believe SYME’s IM Unique Selling Point actually works and they have seen the Big 4 advice letter.

So let’s see the bulls try and argue that key fact away. I note that SYME has had made numerous accounting blunders so on a complex topic like this who would you trust?

SYME will shortly get approval at AGM for another 26 billion shares to be issued.

My view.

Cannot
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