Member Info for WolfofWarks

Parm - you’re a horse with blinkers, self appointed police man of the board.

You look at everything in very simple terms and try and quash any hope of having a decent discussion just because it isn’t a shameless ramp.

It’s the platform intermediary aspect of matching the funding required to funders. It’s just monetising a different area of the balance sheet.

I read everything, ramp or deramp if it increases my knowledge but to dismiss this as having no relevance to SYME is to be a) looking at it in very (too) simple terms or b) not really understanding how the Syme model works.

It’s not a football match it’s not picking sides.

He’s not wrong though whether you like it or not.

Greensil match the finance required to the funders. It’s not exactly the same but it’s roughly I’m the realm other than we are monetising inventory and they monetise receivables.

I think a lot of this is tied into the fortunes of a British steel magnate anyway being pressed by credit Suisse to lower there exposure to Greensil and he hasn’t managed to secure finance anywhere else.

It doesn’t shed a good like in Credit Suisse’s confidence in Greensil’s business model though and is probably a knock of the pandemic and subsequent downturn in the economy and trade.

Two things you can count on with Boohoo and it’s the classic rinse, repeat cycle, goes down on results then bad news story.

Every time easily recovered from.

Up she goes. My CFD is 6% up already.

Lord Leveson is a highly credible character sorting everything out in the background.

I’ve just doubled down at 325p.

Seen this time and time again now.

Tut tut keep it light.

I’ve can’t make ‘genital warts’ work.

Poor - I ended up with masters level in the end - it just took 12 years part time study while working full time.

Problem with tech investments is all the start up costs go straight to P&L, whereas other companies can capitalise them and write them off over a number of years.

So the £7m loss/cash burn is magnified in an intangible company than one that would be investing in premises, production lines, machinery, etc.

That doesn’t mean obviously there won’t be more cash needed, just that things might not be quite as bad as they would look in other start ups in the non-tech space.

Making farting noises with your hand under your arm pit?

I didn’t go to uni. I’m from the school of hard knocks!

I know what you mean. There’s certain characteristics of Ex that definitely remind he of him though.

Poor - I’ve got a mate who’s a law professor. He’s published a couple of books, ethnographies, etc. He’s the least balanced person I know.

He’s basically a left wing lunatic.

“Fly to the moon tomorrow mate, multiple RNS by 8am.

Ten bagger by 9:30 we are going to the moon.................................“

They are quite similar :) ....

It’s a good case study for what’s possible if the US can be cracked. I think there are 20 states that are considering relaxation of their online gambling rules.

I don’t buy it, no other poster writes in his style or intellect.

I think you can tell which posters are sharing accounts as they have comment traits and posting styles that are easily recognisable. Look out for the use of smiley faces, punctuation marks, ..., etc. Look at how quickly a post gets removed and who is online at the time.

I’m almost certain I know who was behind Peace123 for example.

He’s clearly some form of academic I would say.

I hear what you are saying but this isn’t some private company that’s been building nicely in background and is ready to pop in an IPO.

It’s still a notion to a large extent. To add another board member you would have to question what they are doing - especially an FD. The accounting so far should have been reasonably simple. A pass over of the books from Abal to SYME, accounting for the RTO and then the rest should have been overhead processing, wages and some accruals and prepayments.

I get you want sales directors, etc, when you’re trying to secure funding and clients, an FD though?

“ (10) investor behaviour (ongoing) a.k.a. 'extraordinary popular delusions and the madness of crowds'..’
This could fill a paper in itself ... probably makes the fintech bit look dull in comparison.