Member Info for Theanalyzer

10009504. The going concern assessment is based on 12 month look forward from 27 Jan 2021 ie on group as it is now and it clearly says in RNS and that states no investment yet achieved. No doubt those facts escaped your attention.

No investment yet agreed, 10 months after IPO sounds like a negative to me.

SYME has no investment to date. 9 months after RTO and it still not generated a cent of investment.

Still need interim June 2020 accounts before suspension lifted I think but should be pretty quick.

Confirmed that reverse acquisition accounting will be applied ie Prospectus Proforma Net assets wasn’t wrong and net assets were not over £200 million.

Having filtered Woolworth I also agree that chat page is better

Two more days too meet the CFO’s latest estimated date for publication of accounts.

Nearly a year to finalise your accounts must be an AIM record.

This for a group with around 10 subsidiaries (some of which are dormant) and under 20 employees.

Ex trader the going concern look forward period is at least 12 months from date of approval of accounts Jan 2021 ie until Jan 2022 as a minimum.

IFRS permits revenue to be recognised after being invoiced even if not paid, it’s simply a debtor. You can probably also accrue royalty income if due based on contract but just not yet billed.

The GAAP reference by Erico makes no sense to me as you can list in US markets using IFRS numbers and have been able to do so for many years

Woolworth
Opti has a December year end now so not sure why you are talking about March 2021 unless you mean when annual results might be published.

You constantly bang on about companies actions even though they continue to grow revenue and also are addressing cost base. Sometimes business take time to grow.

As the spinster who tried using an overripe banana on herself said you need a little more patience.

Although acs to 31 Dec an interims to 30 June won’t mean much in terms of financial numbers of SYME as SYME wasn’t brought by Abalone unti March 2020 they should reveal:

1) Directors view on going concern of SYME for next 12 months from the approval date of accounts
2) Material post balance sheet events
2) business update on progress

So new information will emerge.

Perhaps the Board should suspend the share to stop the massacre of PIs wealth whilst this uncertainty exists

The share price is get more hits than a disciplined child.

The Board could clarify amount in dispute which might help calm nerves.

Or they could buy some nice cheap shares to demonstrate their confidence.

My stance on Iconic is line with the Directors, I don’t own a single share.

Anr - you do know that listed companies have to publish interim and final accounts typically six months apart by listing rules.

B009. Iconic isn’t a premium listed main market company just standard listed so doesn’t follow same standards as premium listed company.

I think OTT bought from EGHOS as 5heir holding dropped by same amount as Ott’s grew.

Perhaps OTT thought they were getting in cheap as EGHOS was getting shares at much lower prices than retail buyers but finds itself stuck with an underperforming share.

The only winner in this appears to be David Sefton who owns equity in Joe Media and a few other social media businesses. True he needs content but surely the value is related to their brand and sites and if Icon fails he can offer Directors and staff a job and if Directors leave he can break management contracts. Yes he needs to find a £1 million to repay Iconic loan but he can probably drag out repaying for a while and then if business prospers can refinance the loan.

Unless Directors and OTT reach a deal this looks bad for Iconic shareholders.

Unless all trades have to be exchange then London Stock Exchange and Companies have to rely upon TR1s from holders

You could make rules more powerful by only permitting registered holders to vote but that is up to LSE and companies at large.

The executive directors who like £10,000 a month in cash plus chance to get rest of pay if and when company has some cash threaten to leave shareholders with nothing by letting toxic Dave Sefton break management service contracts. They could then join him it’s not like they own any shares or have share options over Iconic.

Did OTT do enough due diligence into business before they brought this stake off EGHOS?

At present looks like you have a disgruntled shareholders that will end up to sell their stake.

I don’t see this ending well.

Nice to see Nexus growing its team further.

Some of investee companies have got real momentum

Holly this a classic spoof RNS. Annouce a deal which encourages punters to believe you have landed a whale but in reality it’s a tiny minnow. Good quality companies don’t do this. A red flag for me.

The faithful lap it up though.

Nice to see a solid rise today.

Glad I bought back in early March.

Share is a long term growth share and the platform still have a lot of assets to secure off traditional brokers and insurers who online offerings are poor plus there will be further exits from sector as some competitors struggle to make profits

Guitar man you do realise that investment banks already securitise mortgages, credit card bills, accounts receivable, football club ticket sales etc