Member Info for WiggyP

With the spoofing end of April RNS failing to generate the excitement, liquidity and volume required for a meaningful placing. AZ has done well to get this raise away at such a high price hence the background selling.

This totally ends the short squeeze ramp story and shows how SLS et al. would close out the position if required.

Now, if AZ were a real cunning fox, TAG would demand the return of the shares and then welch on the deal after the lenders have acquired the shares in the private placing.

The auditors would have required proof their fee would be paid and that sufficient funds were inbound before signing off the audit. This has really gone down to the wire!

Not sure if demolition thinks a snowball is a drink or as described in the urban dictionary…either way it doesn’t sound good for SYME retail shareholders.

In fairness to Analyzer and hypothetically speaking if TAG was successful in purchasing the shares back at a price many multiples of the current SP. Then why on earth has AZ welched on his funding commitments to SYME and RTOP?

If TAG are able to redeem the shares then it begs the questions why it allowed SYMEs cash balance to fall to a a mere £5k and the end of December.

Anyone would think AZ is not serious about the businesses and has ulterior motives not aligned with rewarding retail share holders.

Better late than never. I would love to have been a fly on the wall with the SYME and FCA discussions, but I'm sure we will never know.

The irony is that AZ was a self-proclaimed regulatory expert. When CEOs make that kind of comment, folks expect the highest standards to be adhered to.

Zen,

Why is todays RNS / 2023 better than expected?

Usual vague timescales and numbers - lots of up to € then the reality is in the small print.

How confident are folks that a related party org will actually deliver based on AZs track record of not coughing up when needed. Hopefully the non news will create a liquidity event and TAG will shift a few more shares.

It’s euro’s€ not gbp£

Next people will be saying its listed on AiM

F

The word used on the 29th Feb was Finalised by the end of March. Then, the 5th of April update said they had hoped to complete the contracts in March and that further meetings were planned in April to complete contracts etc, all a bit woolly, to be honest.

I totally agree with you about the lack of PR. I just checked the website, and Nicola's mugshot has been removed (I'm sure she chased it), so there is at least some change. After that last Proactive report, which was pure fiction, I bet even Proactive is wary of AZ and not happy to accept share-based payments from SYME or, as in the case of RTOP, have their invoice assigned to TAG.

How on earth anyone can pretend they know when the deal will be done - seriously!

Just remember the old stock market saying

"buy on rumour, sell on news"

I'm sure AZ's track record of underdelivering and total failure to deliver against all forecasts will continue and after years of anticipation, we all know any announcement on progress will disappoint and fail to provide accurate information. The AGM will be interesting as the whole board needs to be held to account - but we all know they won't be...

SYME shareholders will be disappointed in AZ if he actually honours the $3 for Nuburu - yet couldn’t find the change to fund SYME and RTOP commitments.

I smell a rat - repeat of TradeFlow fiasco or is this AZ’s rinse and repeat in the US shame he doesn’t put the same efforts into delivering against the SYME business plan.

TG2D,

Is there any RNS info on Banoco taking an equity stake in SYME? Or is this your personal hope?

I struggle to see a serious II becoming the first II and investing as SYME would be a by a major headache for any investment committee following due diligence, also MC and liquidity is just to low and not many investment folks would put their c#ck on the block for AZ /SYME.

Seems a bit far fetched based on progress against business plan and published forecasts to date.

37% spread would show that MMs don’t want to hold stock due to lack of liquidity / buys

No crash!

Take a look at the 3 year chart - now that’s starting to look like a slow motion train crash.

Being realistic there is absolutely no evidence of progress since the last up date and probably another half million of cash blown on G&A.

Well that was a something of nothing RNS and lack of business update. It like they wanted to show a weak pulse still exists at SYME towers. So another half year end is fast approaching with non-material revenues.

I note no mention of revenues or cash balances which should be included in an informative business update - as usual investors are left thinking what else aren’t they telling us.

In fairness to TW if he was going to profit from bashing companies I doubt he would just publish his damning articles behind a paywall. Most of the long and strong gang refuse to pay £6 or whatever it costs to read his stuff, although I bet most peep. TW is an irritant to the likes of AZ but won’t have a material impact on the group as regulation by the FCA is so apauling..

Morning Peak,

Could you point me to the announcement where DW is sorted. That part is not clear.

Also, re the stock loans wanting them back v’s getting them back are two very different things.

Chewy,

“This could lead to bigs things”. That’s a rather vague statement you make and sounds rather uninformed. The best lessons are learnt from the past.

TAG is very relevant to both the current cash starved predicament that SYME and RTOP are in and if TAG doesn’t deliver then the fat lady will be warming up.

I would say chat about WL generating any material revenue this FY is just white noise…..

I would say he’s an aggressive share promoter - set on the path by DW. Desperate to keep the pretence going he’s now got so many plates spinning that it could all come crashing down.

RTOP was the final straw for investors and most aren’t getting fooled again…the end game is wealth from share shenanigans rather than genuine operating business. I’m surprised he is still at SYME, although probably can never leave in case others discover the bodies…

TG2D,

Yes it is the SYME bb however RTOP is a related company and it management style is highly relevant to the discussions here. SYME has been the main customer of RTOP 8n previous years.

Now tell us more about the £40m?

TG2D

That’s just plain wrong….

No sign of £40m being raised at RTOP… AZ may have made a paper gain on listing but no cash made its way to RTOP which is relying on TAG cash which like SYME has failed to arrive as per the contracts. Hence cash strapped RTOP is looking at alternative funding options.