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My reply was to this part of your post so wasn't being a politician. Would question your motive though and I would put a wager on you own the account that posted the first question. Just a vibe though.

He holds Consideration Shares (for which no cash was paid) which were given an "ascribed " value of £ 225m approx, based on SYME's fintech-related "intellectual and human capital", for which SYME had spent 4 years and Euro 1.5 million developing.

99% of the value of SYME is 'intangible fixed assets', including approx £ 220 m in goodwill.

Have a look at the Prospectus and let me know if you disagree.

Hi Extrader,

I didn't think I was avoiding the question, i thought the 30th RNS explained what you were asking.

As for the pledged shares.. They can be traded, which is to sell and buy, so I'm not following what the real questions you are raising are? other than there could be more transparency about the deal.

From the holdings RNS..

The shares have been transferred to secure loans (the "Loans") to 1AF2 ("the borrower"), with a minimum two-year duration, after which period 1AF2 confirms that it intends to repay the loans. The Loans may be drawn in a series of tranches over one month and Lenders may trade pledged shares to diversify their portfolio concentration risks. Upon repayment, all 5,893,824,429 SYME shares will be returned to the borrower.

They can buy and sell them i.e. trade pledged shares.

In simpler terms so even more of the board can follow.. What are your concerns in a simple question or two that can be understood by all?

Glad you have an inquiring mind @apunter.
Please keep us updated :)
I've been following closely and agree the "terms" of the lend could be more transparent. I read there is restrictions in selling, i.e. they can't dump them all in the market. Going back to then, the day after that deal, we had a 20% drop as it was clearly those three selling some. Trades were big. The emails/twitter/ boards then were of the thought... That was those three or one of them at least de risking straight away. Of course loads of mud was thrown and AZ had to come and do that Interview posted above to explain he wasn't back handily selling his stock.

I agree you wouldn't want some companies holding that amount of stock but I understand this to be a 2 year deal to help get the business going and the shares were given as collateral.

@Mornington..

The market cap of OMI yesterday was £12m
The Market cap of GGP is £600m or so.

12 + 5000% = 612

If the grades are better here, I haven't checked that fully.
As Degsy was saying 30% is GGP
25% is the deal OMI is on but better grades.

Now columbia is a riskier place than Oz so I understand a level of difference but not that much!

Hi Extrader,

The 30th July RNS states..

Financial performance

Turnover in the twelve months to 31 March 2020 increased to £416k (£241k : 2019). This resulted in a gross profit of £26k (£145k : 2019). Exceptional costs of £224m have been written off as a result of the treatment of goodwill and the accounting for the transaction.

So the £224m was written off as a result of the transaction of the RTO, The main market listing, and the following "goodwill"

From RNS..

The Originated Portfolio is defined as comprising a pipeline of prospective contracts that have been originated with client companies. At the date of the RTO the Originated Portfolio stood at €972m and currently stands at €1.43bn.

At the date of this statement there are €555m of client companies ready to be served / for execution. We expect a significant proportion of these to be monetised once Inventory Funding has been secured.

..................................

No money changed hands, it was share deal.
That left the directors with a lot of preference shares which some think is shady because of the value given to the business. However, they brought a portfolio of £1.3bn

And they brought in this team..

Mr White has invested in public markets and private equity for 25 years. He has acquired and managed more than £3 billion of assets across Europe, and held board position at a number of public companies including KCR Residential, REIT Plc, Eight Capital Partners Plc and Limitless Earth Plc, as well as at international investment institutions such as Security Capital European and Henderson Global Investors. He is a member of the institute of Chartered Financial Analysts.

Ms Chishti brings over 20 years of financial expertise, board-level experience focused on organisational governance, and a strong understanding of the small/medium size enterprise market. Her experience draws on 14 years in banking with senior positions at Morgan Stanley, Lloyd’s Banking Group and Deutsche Bank. As CEO of FINTECH Circle she is an award winning entrepreneur and global expert in financial technology, new business models and a bestselling Editor of The FINTECH Book Series published by Wiley.

Mr Camerinelli keeps abrest of market trends and business practices by taking active part in projects launched by the United Nations Economic Commission for Europe, the World Bank, the Word Trade Board, and the Council of Supply Chain Management Professionals.

He regularly attends major industry events as invited guest speaker, and write on specialized magazines and papers.

..................................

You either have faith or you don't.. I do.

I think we should assume the value of the lend was not the SP at the time, I think it would be the placement price. IE the cost to AZ.

I think if you listen and read all the RNS's fro the time. The reason for the lending was to give a guarantee for the loan. There was sales limits and terms about how they could sell to the market. They started selling the next day and it was said they were reducing risk by selling some. By doing it this way and using 1AF2 it keeps the lending part of the balance sheet of SYME. That way SYME are not viewed as a financial company but a service company and the market will value it higher.

The size of the business released each RNS is staggering. This isn't a company issuing and RNS each time a deal lands. Every deal if coming in with huge numbers.

RNS 1 - 97 On board, 272 in due diligence for self funding model.
RNS 2 - 75 Targeted for year end, 250 for end of 2021.

97+272+250=619 clients.

Average of £13 millions per client = £8,047,000,000

2% of which in revenue (won't use the 6-8% as its for the coupons) =
£160,940,00 in revenue
£80,470,000 in profit

Divide that profit by 32,755m shares = £0.0024567p Earning per share
Times by 10,20,40,80 to get a PE of

10 = 2.4p
20 = 4.8p
40 = 9.6p
80 = 19.2p (for those wanting high PE)

Journalism must be one of the most degraded industries in the last ten years or so. It was never great but its shocking these days. The amount of time I've read "AIM listed SYME"

Have you guys checked this interview

AZ "I would never sell my shares, however if we could use the shares to create value for the company we could evaluate this"

https://youtu.be/GtDAtKgpy0w

to take share form the weak to fill buy orders. Right off now.. Catch you all later.

Off out so going to miss the Interview till later. Looking forward to hearing from AZ when I'm back.

GLA, buy the dips if you can.

Looking like it's all coming together nicely and the market isn't valuing us at value until it see's the accounts.

Once the market see's what SYME's up to, Investors will be paying a high PE to join in.

Whats your thoughts on Market cap and timeline re OMI @Degsy. New to OMI so only just started researching, happy to add more on red days as I research. Have read through the pdf. Looks unreal!

Lots more news to come. It will go higher over the month. I'm looking forward to 2021. That's when this will be more proven and funds will pile in.

Cheers for the link, will add to the pile I'm collecting. SYME are smashing it, Shorting these would be like shorting tesla, you're going to get burnt. Disruptive tech in a new age.

No worries, Just say they came from Weather Geek, I may open accounts in the future under that so will help for if i do. Thanks.

No messages as I'm not paid up on here yet @This is fine, Thinking of joining the level2 very soon though. Just closing a few other subs.

Sold half yesterday for a free ride.. May have to get some more this morning.. Has given others a chance to get in. Do look at those director share prices though in the last RNS's. I'm not sure this will go as high as some think quite as quick as they think but I may be wrong. I'm holding for higher than where we are now thats for sure.

Some businesses and share you just fit, others never work. This one fits me perfectly. I said a Friday RNS and then interview the other day. Very happy Im in sync with whats happening here.

Not hard to guess mind, Always was going to be before the interview. Those with doubts, get your questions in in there is still time.

Anyone can feel free to share anything I've done on twitter. Not on there myself. Just give a shout to the Weather Geek ;)
I may join one day...