Member Info for tucky1961

Just because you keep saying it Mibo it doesn't make it true. Change the record as it's obvious what your game is. Why even be here unless you're panicking about the SP rising?

Might be 0.4 by this time tomorrow if rumours are true.

That was live quotes to sell 2mil on IG. Sell quote now is 0.0301.

Actual live spread is 0.0295 - 0.0309. And it moves quickly on a few buys so a small spike is very easy to profit from.

Going up fast now. Not much stock around so it'll bounce hard.

They have the option to abstain. So anyone who would like to vote No will be told, before the meeting, that they should take that course of action to avoid legal ramifications. That way they can turn around to Dorris and Jim saying they didn't give it the go ahead it was others. It will pass one way or another.

The FCA will have noticed stuff in the way they deal with customers that doesn't fit with their Consumer Credit Sourcebook (the rules for how to lend / collect money). They will have given them a list of things to improve so NSF will now be reviewing the list and making amendments where necessary. They then invite the FCA back to re-review what measures have been taken so that they can get a clean bill of health. It's fairly standard stuff and just the FCA keeping them on their toes.

I worked on a project at one of the big banks a few years ago when a similar thing happened. They gave them a list of over 200 things they wanted improving but that was when the Sourcebook was fairly new out so people weren't used to it. I would imagine NSF's list has been compounded with the type of complaints Amigo have seen coming through and the FCA want to try and pre-empt that.

Three loan companies potentially but none can have much left. And that’s assuming all 3 are offloading. I also think one of them might be adding. Either way, rerate happening shortly.

The TR1 from yesterday is not the seller! It doesn’t take much to work that out. The interview today confirmed it again. The reduction in holding is linked to the loan. I’m only telling you this so you’re not mistakenly using those figures.

Alwayz - my simple brain sees it as this... Company makes something that they want to sell and make a lot of it but it's going to take time to sell the stock. They can't make more, or pay people, until they have the cash in the bank for the the stock so an investment vehicle says 'hey, we'll pay you for that stock and you pay us back when you sell it but we're going to charge a percentage.' SYM are the middle men and also charge a percentage. Might be wrong but that's what I see it as. And companies are desperate for quick turnarounds on stock at the moment.

Bought £1m when Bitedance was valued at around $70bln. Reuters are suggesting, just yesterday, they could be bought for $50bln so I don't quite get this.

According to Reuters report today ByteDance is being valued at $50bln as is rumoured for takeover.

Is Bill comparing SYME to Klarna? Lol. Presume he’d been on the shandy all evening!

I think we can assume that they’ll be some more big delayed sells that appear tomorrow so realistically about 3.2bln or more shares will have been traded across 2 days. Or 10% of the total company. On top of the steady volume of sells over the last couple of months it’s not possible for there to be much left for any minority holder now. We know most of the stock is held by directors who can’t sell. Surely the seller would have used today’s volume to kick the last of their holding, give or take 50 to 100 mil, which would easily be swallowed up tomorrow.

Thought I'd do a quick summary of the warrant situation as it seems to be confusing people over the recent buying & selling volumes.

On 19th July 2019 SYM did an equity raise of near £2m (at 12.5p), which was taken up entirely by Vincel holdings, which is owned by the family behind Indorama Ventures - please google them to understand how big they are and what they do! As a result Vincel owned over 9% of the company.

As part of the equity raise Vincel Holdings were given warrants totalling 10m at an average price of 22.5p. They were due to expire on the 25th July 2020 but were extended for a few months on the 22nd July.

The share price went to over 40p on the 23rd July and across the 23rd & 24th there was a huge volume increase with very heavy trades around the 32p mark (averaged out). The vast majority were reported late / next day so often flagged as buys due to the way a late trades use current share price to 'guess' whether it's a sell or buy.

It doesn't take much educated guessing to see that Vincel have sold a large chunk of the 10m shares at an average of 32p and will then buy them back through the warrants at an around 66% cheaper, in order to retain around 9% of the company. But what does all that mean?

Firstly, SYM get over £2m in the bank and as they were already funded for 12 months this is welcome additional capital to increase sales and marketing activity whilst also improving the product and getting further regulatory sign offs. The company shares in issue are enlarged but this has been swallowed up already by the positive statements and increased PI buying. As the warrants seem to have cleared there should be nothing holding the SP back as Vincel won't be selling anymore, so it should steadily climb ahead of any further updates. With updates on the US bread market and d2p test results due this could explode if they are even remotely positive.

Expect an RNS in the next few days to clear all the warrant stuff up. Just my thoughts and would welcome others opinions.

The food packaging market was $300bn in 2019 (and forecast to keep growing). That's not all plastic but the vast majority is.

Just kicking around some basic numbers but let's say that SYM take 5% of the market globally over the next few years - remember they're the only company to have FDA approval for a product that increases bread lifespan and once that is up and running they'll get other products agreed - and SYM take a 2.5% revenue on the average cost per item.

2.5% of 5% of $300bn is....$375m per annum!!!! Even if you half those percentages you're looking at silly numbers for this map - and that's just food packaging!!!

I don't think the biodegradable stuff will be a company maker. It's a plus point and they'll make a decent amount of money from it but the game changer is the development of d2p. Even if it doesn't blow Covid out of the water (and it seems positive that it'll have an impact there) the other uses are massive. Food packaging alone is worth hundreds of billions globally and the need to cut food wastage by giving foods long life spans is vital right now.

1 or 2 hours from now they will print a large trade, which will be a sell. They keep moving the bid up and then making it NT to sell until they have loaded the sale. In the meantime buys will go through at the Bid price and show as sells! It's weird. Obviously there's a seller in the background and lots of round trades yesterday and today (reported late) show this. When they finish selling it should take off.

They won't raise for a while and not until they're well past 30p. It would make absolutely no sense to do so when they have cash coming in to the business and a pipeline of further orders expected, which can be serviced with current cash.

Anyone think Major is drunk (or ill)? He thinks this is about a vaccine?!!!! A vaccine against viruses is the last thing this company wants!!! Anyway, time to filter his ******ation.