Member Info for WolfofWarks

My assumption is that the monetisation is per piece of inventory otherwise why would you need the blockchain? You could just apply a floating charge like a mainstream bank would do.

If anyone is dishonest here it is your little multiple alias gang - sam/Exo/TRD/Peace/etc.

Sam - I’m not too sure what you are struggling with here. You are reinforcing my previous opinion that you’re a bit simple.

My posts you keep referring to where in relation what I was doing with my remaining holding at that point in time - January. I was not detailing my entire history with the share ie. when I’ve previous bought, sold and held. I really didn’t see how you cannot fathom this.

You think you’ve uncovered some great lie or dishonestly but you’ve put two and two together and got twelve.

That was in relation to what I had in Jan, it’s not difficult is it.

Poirot certainly hasn’t got anything to worry about here.

You’re right you’ve hit a nerve here. I’m no liar and I take exception to being called one.

It would have to work like I have described otherwise you would technically have two owners of the same stock.

Sam you do realise jan occurred after sep and was in relation to my holding at that point in time, ie what I was doing with the shares I held st that point.

I’m not too sure what you think you’ve cracked here?

It’s absurd.

Yes Sam that was in Jan when Tesla was at nearly $900 and has since dropped so I’ve took some profit.

So how have I lied?

Unless you are inferring that having a plan and changing it after a change in circumstances is lying?

Correct, or though SYME is not a bank, we the tech in between the client and funder.

I’ll entertain you Sam

Explain how I am lying?

How old are Sam?

You’re very childish.

Oh and three years it how long the framework lasts for. So think if you were dealing with a supermarket they could be potentially turning there stock over daily.

“The funder then owns the inventory, this is known as a true sale, but the company keeps the stock in their warehouse and can still sell the stock. The company has to pay back the funder over a 3 year period this includes a rolling 3 year interest. Syme also takes an annual 2% net fee (3% if done through the captive Bank) costs are small to Syme.”

I don’t believe this part is correct. The company buys the stock back once it is sold and funds are received. Then the process starts again when new stock is purchased. The process is transactional and highly repeatable which is where the blockchain tech and the digital stamping comes in. Also the client company does not pay interest but a fee to the funder, otherwise this would be shown as debt on the balance sheet.

There is a good video where AZ in his presentation shows a good slide which demonstrated the process map. I think it was a Swiss fintech conference off the top of my head and he presented right at the end. Although it was in Italian.

Sam - I’ve been reducing my holding since September, not that I need to explain myself to you.

I’ve definitely missed the current top though.

Just to put it into context to achieve JR’s £25p SP target on a PE of 50 we’d need to make £160m net profit by Xmas.

At the 1% margin that would be £16bn worth of monetisations!

By the way Mick I don’t believe I have made any comments in relation to SYME’s PE.

Mik by my maths SYME would be £50 a share to match Amazon’s market cap.

Although the addressable market is obviously nowhere near.

I bought Tesla last April as a long term plan.

I didn’t expect it to rocket.

I’ve only got a third of them left now anyway as have took profit.

Draft Kings is my current big US bet if you want a tip :)

It’s not interest Bob remember they are buying the stock.

Otherwise it would be a loan and therefore debt.

That’s not strictly true Ming Joseph.

At the end of Jan when the annual report was published funding was a big question mark.

Hopefully things have moved on significantly since then.

Tommy - Draftkings in an awesome shout. I’ve been in since December and it’s grown to become my largest holding.

The opportunity is enormous as the gambling laws are relaxed state by state.