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I suppose today is not about rampers and derampers. I will say some individuals who have been criticising this share over a period, today have raised some constructive points. The rns has been expected, but not in this form. It is no doubt disappointing. The capital equity raised suggests any type of transactions signed is in no way of a substantial amount. Nobody expected an open offer and if this is an incentive to current investors, then it is not a good one. We as investors wanted to hear positive news. Unfortnately, the can has been kicked down the road abit further. We are now paying for further borrowing. AZ must have the decency to explain the rns. Reading through posts here and advfn, most individuals are speculating. As montioned in earlier posts, there is no fun in pi's losing large sums due to what enthusiasm AZ had over the months. If AZ has belief in this, it's about time he has the courage to give solid proof of progression.
To all syme pi's/lth, we invested here to see this fail. Of course, our hard earned money, we only invested here for the entertainment level and to be advised by the non investors to do the righteous thing. They are great and we are just trolls wanting to make a profit. Listen to them all, they are correct in telling us this will fail. I love being here and losing my money. Such great fun.
castle2012, I want to thank you for pouring your heart out to us and caring about our investments. Not only are you not invested here, you could have easily been trainspotting or knitting. But you choose to warn us. A great man to take the time to be here without any ulterior motive. Like extrader, who says this is a long term project and he has no friends in the finance industry, we syme pi's are blessed you non investors are able to help us. I personally would have utilised my time elsewhere if i was a non investor. However, you are a loyal servant.
Hi Extrader, you are from a finance background, am i right? You did say this some months back. I guess you have former friends/colleage's from the finance industry? some who find IM as competition to their banking, finance background? With this being your hobby, could it be in your interest to dampen pi's motivation in this, considering you have been in the finance industry and ex colleagues(friends) will want this to fail? Surely, there ar better hobbies? Syme? errmmmm....??? hobby? What do your ex finance(present) colleagues think of this? Good luck with your hobby extrader.
No doubt the share price has been munipulated down. The buy volume was way higher yesterday compared to sell volume. The closed bid offer spread was massive. Wherever the opportunity is to munipulate the price down, the mm are doing this. Any reasonable news, they're dropping the price. Performance yesterday does not justify today's opening. They are playing the price down. We may be lacking news, but the playing behind the scenes, this is way below the belt.
Unfortunately, EQI and Halifax are not the best. Their staff will be made aware after 9am. I rang EQI at 8am. I'm sure their staff just got out of bed. Not good I know. Start calling them 9am+.
The reason it fell is some trader's expected the Rns to be mind blowing and travel north. It didn't and they sold. So the sells were picked up like in a blink. Best to sit tight and don't panic. AW has not misled anybody. He is giving more than enough updates.
Investor's get emotional on bb's and this gets out of hand. The constructive way to deal with this is to be patient and wait. If Syme are transparent, that's all we need. Our emotions will not change anything. Prior to suspension, we were updated with positive Rns's. To be continued and we wait. We all hope this comes out of suspension soon no doubt. Stay positive and the ignore the obvious trouble makers. We know their games.
Angus, stay strong. We , strong investors, want this to work. Honesty is imperative and that is what Syme have done today. They have been upfront, no matter what our opinions are about the rns. Syme want this to work and have the true investor's at heart. Remain optimistic, we will be rewarded here.
It's all too common individual's from the finance background come on this site to copy and paste and put fear into individual's. Such a clear picture they have been put upto this by other financial institution's to bring this down. Also, when Syme rises, they seem to run away. When this appears back on the market, I would love certain pi's to back their copy and paste scaremongering. For LTH's, they are too strong for the rubbish that comes from the copy and past rubbish.
Extrader, as he explained in the past, is from a financial background. He has friends in the industry. They do not like the Syme model and will try anything to put people off. Extrader is working on behalf of his ex colleagues and conveying what they are telling him. It happens in many shares, where a new concept, idea is competing with established fincancial competitors.
The problem is a number of pi's have such high expectations, they see today as a disappointing Rns. They buy, sell, buy, sell. How many of these pi's deposit money in their bank account, withdraw, deposit, withdraw? They don't. It's their money under the pillow. However, their attitude is they will lose all of their money here overnight. Question, why invest in the first place if you are scared? Read the Rns's, understand the structure build. Above all, be patient. If you are able to hang onto your 2 percent interest from the bank after 12 months, what's the rush here? This will go one way, but in a gradual line. The rewards will be far better than 2 percent, surely. Be patient and hold on.