Member Info for Theanalyzer

Strange Martian the audited accounts to 31 December 2019 don’t include Syme because reverse takeover didn’t occur until March 2020.

Some businesses find it easier to get a listing via reverse takeover of an existing listed shell company like Abal. It doesn’t matter because Abal was a clean company when it was purchased.

8 Agree settlement with DS and 3 Directors over unpaid but accrued pay

Next steps, in no particular order
1 Sell or close Gay Star News and exit any remaining social media staff and contracts
2 Have dialogue with OTT and settle dispute
3 Get Shard’s agreement to issue shares to EGHOS to settle EGHOS dispute
4 Clarify financial position
5 Consolidation, name change and placing along accompany’s strategic plans
6 identify RTO targets

Bb trading I have been a long term bear of this share starting back in June 2020 when the price was 0.029. People may traded for a profit since then but as an investment it has been a disaster and one which I called right.

Some of the impending share price collapse was obvious from March 2020 prospectus where it warned of 90% plus share dilution. The presence of David Sefton was another red flag for me.

Adamski1980. You would be better off ramping by saying that a shell specialist like Chris Akers was going to invest. For the record until there is better clarity over the current financial position I don’t think any such development is likely. The issue is buying shares now might just be tipping your money down the drain as Iconic shareholders found when they took over the Widecell shell. Iconic’s last accounts showed that there were still some legacy companies from Widecell era still not formally liquidated.

HSBC is strong in Asia which has been less badly impacted by COVID than west so I think it is better placed than other U.K. rivals such as Lloyd’s, Nat West and Barclays where they have greater U.K. concentration risk. Also hoping that under IFRS 9 more of future credit losses already in net assets and there is massive asset head room to current share price which is why I brought in.

Mark-k No securitisation structure aims to take on poor quality assets. How do you tell what is not going to be selling in the future? Past performance doesn’t always result in similar future outcomes which is why AZ has included idea of inventory resellers and only lends 85% of cost value of inventory to leave head room to recover cash advanced.

In RMBS, CMBS, and other securitisation structures the underlying assets are a single pool of assets. The funders then participate in layers with the highest tranche getting lowest interest rate but benefiting from the greatest security in terms of asset covering its exposure. At the bottom of the structure the returns are the highest because risk of loss from defaults is the greatest. SYME will I suspect be adopting the same structure. The difficulty is getting investors to buy bottom layer or equity tranche especially for a new product. So if each token is worth a pound then it is easy to track and monitor redemptions and replacing into the structure a bit like a credit card receivable securitisation where balances rollover.

Itisagame. The 3 Directors who left are requested payment of earned but unpaid salary not compensation for loss off office so the clause you mention isn’t relevant.

Skid just filter him. He filtered me first and I did the same. Woolworth doesn’t get that building a business takes time and appears to want everyone to work at presumably less than he gets paid.

Quelfromage Would a FTSE company do this - NMC Healthcare?

On what basis is this company worth £5 million - desperate ramping by mug punter whose has lost his cash.

Sbuild. Hearing whispers - total and utter fabrication by you Katherine Lewis stated in RNS that after tidying up matters and appointing new Directors she intends to resign. Desperate ramping.

Doctor 100 the tough regime you cite in UAE didn’t stop NMC and Finablr frauds though did it?

You must learn to pick better examples, please try harder. Back to ramper school for you.

Catchy50 SYME was loss making to tune of £2 million at interims and needs to sign up funders to remain a going concern which is why Directors cited a material uncertainty over going concern. Yes it may work out well but at least be honest to yourself about current status of company.

SYME are stated as asking for suspension and have requested the removal of the suspension. The real question is why hasn’t FCA let trading recommence. Lookers and others were back in a few hours after their similar request?

SYME either don’t know because FCA haven’t told them or they don’t want to say.

All the stuff about Companies House and published accounts is nonsense.

Companies can also publish trading updates whilst suspended as SJH has done

Why are people buying?

Punters who see a large share price and hope it is overdone, people listening to Twitter punters saying oversold and people who think it will be a valuable cash shell - it won’t because of debts, litigation and I think deficiency in net assets that probably still exists.

The £1 million isn’t due for repayment until July 2021. Meanwhile Icon will be asked to pay over £400,000 in unpaid Directors fees. Perhaps they will agree to offset for that sum to reduce short term cash outflows?

The FCA don’t check accounts. There is something else going on and the continued suspension isn’t due to the company as they requested to be returned to active trading on Friday.