Member Info for TrevorBrooking

Let's just assume for a minute that everything goes the way it's meant to and Syme end up financing Tekne (not sure where they get the funds from but that's another story). TGTD has indicated that funders would only be interested in finished stock that has a guaranteed buyer and I would concur with that. However, I would imagine that Tekne make stock to specific order, they wouldn't just have the finished product lying around just in case. Therefore I can't see the need for any financing, am I missing something?

TGTD- that's why I was asking, because you say "assuming" - so in reality it may not have been filed on 22nd May, or at all? You know what they say about people that assume....

TGTD - do you have actual evidence that it was submitted on 22nd May or are you guessing?

TGTD - your state "Investors are more interested in recent developments than looking at legacy outdated backward looking balance sheets that bear no resemblance to the current structure nor future direction of the business."

This is a major mistake on your part, Syme, Nuburu & Tekne all have significant liabilities in their balance sheets that will need paying off at some point so of course the current balance sheets are important - or do you think those liabilities are going to magically disappear?

Would that be the recent developments like Nuburu having no office, no sales, no stock and no patents and a handful of staff?

TGTD - what are the chances of NATO selecting Nuburu lasers (if they ever manage to produce any) over the established defence giant Lockheed Martin and other global manufacturers? Go on, have a guess....tell us where your thoughts are.

https://www.lockheedmartin.com/en-us/capabilities/directed-energy.html

TGTD, can you point us to a IFRS compliant deal that Syme has completed and been disclosed in audited financial statements?

TGTD- you have a fixation on Nuburu - they are not going to make or break Syme. All Syme has (if it could ever raise funding) is a product that no one wants.

If Syme was a chicken it would have been served up at KFC by now if it wasn't for the fact that it keeps laying golden eggs every month for AZ by way of a salary.

TGTD, what's Tekne's profitability like since you think they're going to solve everything?

I'm not sure how much you know about welding, but the outlook for Nuburu's tech (which is, make no mistake, cutting edge) is bleak, as THIS level of desperate financing is not typical for working capital. If we're strictly looking at numbers, they look like they'll burn out in this nascent/niche market before they achieve commercialization. A big problem (not factoring the big players they're up against) is that the TAM for blue lasers is miniscule compared to IR/fiber lasers.

I hope they do well, but they are currently royally screwing their retail investors with clearly overhyped PR and financing that targets the little guy believing in their future.

BURU just filed two S-1/As moments ago:

One for a SEPA with YA II PN Ltd. For up to 20 million shares registered resale where they can issue shares at 97% lowest VWAP over 3 day window per. They've already issued 2.67M in commitment shares aka free shares just for agreeing to the deal. This is in line with typical "death spiral"-like financing. If BURU draws from the SEPA, shares will enter the market below current price, increasing float and downward pressure.

The other for 40.7M shares for conversion; 24.5M to Indigo Capital (in four separate conv notes), 6.08M to S.F.E. Equity Investments, 1M to Phoenix MGMT Consulting, and ~9M combined to Brick Lane, Diagonal Lending, and Boot Capital. Of these, the Indigo Capital notes are especially concerning. These convert at DEEP discounts with one at 80% VWAP over 5 days, another at 33.33% of the lowest VWAP (yiiikes), and the others at lowest VWAP. This allows for virtually unlimited share creation with terms that actually incentivize dumping. With the 07/09 stockholder approval to exceed NYSE's 19.99% cap, Indigo et al can now convert freely.

BURU also filed an S-8 for 4.47M shares in employee stock plans (also stockholder approved) that are typical, but under these circumstances adds to total dilution and will likely be used to issue lower-cost shares to insiders.

This brings up a question I'm asked often: Why would stockholders vote to approve these items if, with the low insider/inst ownership, it means it would be retail investors cutting their own throats? The answer is that this is exactly what makes toxic dilution stealthy and dangerous; it’s designed to avoid triggering typical ownership red flags while still enabling control. BURU's real power dynamics are buried in financing contracts and aren't currently reflected in public float numbers yet. All of the filings I've mentioned in my initial post and this one give hidden control to financiers with many carry votes that aren't counted in aggregators/reporting tools. Included in these agreements are also sneaky Beneficial Owmership Caps which give the ability to circumvent Form 4s, Schedule 13D/Gs, etc and evade "change of control" triggers. These are legal cloaking devices that accomplish all of this while allowing toxic lenders to still control outcomes.

The cherry on top here is that even with all the prior (and continued) dilutive financing, they can't even meet a $1.2M payment deadline.

Be safe out there guys, the only way I see this as a "growth" stock (as some have tried to call it) is if the growth is referring to risk.

TGTD, you are making an assumption that if Nuburu were to acquire Tekne that suddenly everything will be rosy in the garden for Syme (this is a Syme board remember!). Sadly for you this is a big mistake; as we have often discussed, Syme has no funding partner and there is no market for its product. I have to mention this again as you seen incapable of taking it in.

TGTD, Nuburu's financial position (precarious to say the least) would be taken into consideration as there is a threat that Tekne's IP, such as it is could be lost to an unfriendly party if Nuburu were to go belly up.

TGTD, you appeasr to have moved the goalposts after the event, but in any case, are you going to pay out on this "new" bet if you lose?

TGTD, so are you publicy admitting that there is a bet and that you are willing to pay out should you lose?

You would have thought that AZ was aware the cash wouldn't be available when the last funding agreement was made. Either he hasn't got a grip on things or he is making agreements that he knew wouldn't be carried out as detailed. Either way it doesn't look good on him.

Surprise, RNS announcing funding delay drops....

I guess we will see a RNS tomorrow morning saying there's been a delay in funding.......again.

"evidence that the funding line is reliable." - but it's not is it, far from it!

Tim, why don't you put your money where your mouth is and take out a short if you're so confident this is a scam. Do tell us when you're done it.