Member Info for Theanalyzer

Spotify

Spotify

I have a small trading portfolio of around 10 to 15 shares.

I wasn’t aware that you have to own shares to comment on the relevant bulletin board and only positive comments are permitted.

1) If this is such a life changing investment opportunity why did Chairman who presumably has all the details to hand sell his stake?
2) Where will SYME get people to onboard all these clients and at what cost?
3) Why hasn’t a major fin tech investor of scale taken a stake in SYME if it such a game changer - is it just bulletin board experts who can sniff out such bargains?

How many people does Syme have or can it get outsourcing to onboard clients?

Amjadfarooq You keep banging on about institutional buys - seen any TR1s yet?

Why do do some people bother trading under £10 worth of shares both buys and sells?

Are people trying to round up or down holdings?

Any views

Thruthseeka
SYME business model is earlier in process than invoice discounting because you can only discount invoice after sale has been made. SYME aims to finance stock held pre sale.

This isn’t a valid reason not to own SYME.

The old myth about big money wants your stock and thus stock price is dropped to enable mms to pick up stock cheap.

Nope just a lot of traders selling out but most will buy back in later.

Wolf of Warks
You can still achieve a sale under IFRS 15 with consignment accounting ie goods are delivery but held for customers so delivery is not always required for a sale but there are requirements to be met.

Repurchase of inventory is where things get more complex if there are legal commitments to repurchase..

What buys are IIs buys - they are all small amounts unless you can point to buys over say £50,000 which would still be tiny for any institution.

IIs are buying shares - they will be buys under £5 I guess!

Why would you buy under £100 worth of shares?

HSBC got fined for similar issues so I suspect Octagonal will end up losing case even if they decide to fight it.

I love the fact that newbies keep citing the £16.69 fake analyst report.

Question Why did AZ and other backers sell their shares to new investors at such a low price if this a unicorn?

Why not raise a bundle of cash at higher valuation like real unicorns do?

Thoughts?

It’s fake and has done the rounds before.

It if was real why would share trades have taken place at a fraction of that price a few days ago?

The SEC tend to fine companies much more heavily than U.K. counterparts. Also not clear how much of GIS revenues and profits may be at risk.

Surely the fan boys know that RMBS are very common? Also the structuring here was undertaken by a major bank as it states on the front page.

All the new fund did was form an SPV to be legal issuer of notes and legal receiver of proceeds. All cash was moved by servicing agent.

There are ten of thousands of RMBS structures with such a legal entity.

The real challenge is whether you can securitise inventory from multiple clients.

It requires SYME to be able to persuade investors of how they will monitor age of inventory and risk of obsolence / deterioration of the inventory, proof of their blockchain tracking of inventory/ evidence of how losses might impact waterfall structure in RMBS and how these have been modelled and backtested etc

So far I haven’t any evidence of this.

I wonder if the fan club can?

Each share get 1 vote so if you own 53% of shares you get 53% of the votes is my understanding

I believe the rules require 75% of votes cast to be in favour.

The Board already have 53% of all shares in favour and expect to win.

Shareholders who oppose the decision now need 25% from the remaining 47% of all shares in issue to vote against so over half of remaining shareholders have to vote no to stop it happening.

I suspect that Gunn will be buying at current cheap prices coupled with apathy from private investors who don’t vote at meetings or miss deadlines will mean that deal will get pushed through.

SunZoo the relationship agreement is pretty short and it’s set out in AIM admission document. One of the provisions ironically was that Gunn wouldn’t vote in favour of a take private but that lapsed after two years.

Pokerchips the last three major shareholders are nominees and the first is simply a platform used by private investors and each individual shareholder will be offered a vote. I think JIM and Vidacos are similar. So not over yet but who knows how many shares Gunn mopped up today.

Dividends are at discretion of the Board. Once private Gunn can hike his pay and pay no dividends. So net present value of future cash flows to you as a shareholder is effectively nil. I suspect Gunn will make an offer once he has hovered up some more shares on the cheap.