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Folk are going to get proper burnt when this is finished.

The shorters will then ride it all the way down.

Hi DG

It’s a double edges sword because what is attractive to the funders is expensive for the clients and visa versa, especially if we only want to deal with solvent companies.

Plus (and the report also highlights this) we are in a low interest environment which would make this more attractive for funders. Once the interest rate starts going up we will have more competition for those funds.

I had only given slight consideration to the macro economics of the model in my research but it might be a case of strike while the iron is hot. Between Brexit, COVID and low interest rates it’s an opportune moment that we need to capitalise on. Further down the line (say 5-10 years) we could need to completely re-work the model to keep it competitive, which to be fair you would expect anyway for a growing tech company.

You’ve picked the most polarised example lol.

Don’t be in a crowded room when someone shouts fire and the exits are really small.

Personally I’m steering clear of this “stick it to system” debacle.

They’re are not necessarily concerns, especially if you believe in the model and can afford to lose.

I’ve got no time for JR, and I’m completely convinced his research has involved reading the work of others. That said I don’t like the thought of him being all in (which in itself is daft) and posters pumping the crowd and influencing without seemingly understanding what the company does and where we are at.

It’s disingenuous.

“Come on Syme, 165 clients as of Dec 2020, 2.1 billion euros monetarized”

Hughez - I know you mean well but I notice you keep mis-representing our position and you’re continually leading posters down the garden path.

This statement is nonsense. We haven’t got any clients (only a pool of interested parties) and we haven’t monetised anyone.

At the minute we haven’t secured any actual funding and the report is unequivocal that the failure to sign funders is the reason for the six months worth of delays. The report also goes onto say that failure to secure funding is one of our biggest risks.

So rather than misleading people and shouting from the rooftops .... sit down, take a breath and actually read the material the company has put out properly. Material that has been signed off by AZ and DW.

That’s not revenue!! It’s prospective amounts if funding.

Our revenue from that will be 2%.

Oh and heads of terms not gears of terms.

Sorry in a rush.

Sorry prospective clients, not funders.

Kitty nothing has been securitised, the originations are a pool of prospective funders who have agreed gears of terms.

Funding has not been secured yet - which for me in now the foremost issue.

We are in advanced stages but no means in the bag yet.

It doesn’t really tell us anything we don’t already know.

We are still waiting for funder to sign up and we are still waiting for clients to receieve money - all due now for Q1. So we should find out end of March early April.

No funders have actually committed yet either, my reading if this is that they are slowing down the process.

I’ve got to go through it all in more detail though.

It’s looks like the time horizon for the first monetisation is Q1 announcement if I’m reading this correctly.

Only had a quick scoot through though.

And you’ve got the added complication of earnings season and people taking profits.

I listened to Powell earlier and he wouldn’t be drawn into commenting, which I guess is to be expected.

I get buying it for a day ... maybe two .... but to keep buying and buying and buying.

It’s going to end in tears for the PI suspect.

Yet again all the earning reports are coming in and the broader market conditions in the US are beating the decent numbers.

Apple’s just a behemoth.

JR talking nonsense as usual.

There are no institutional short positions on SYME so it’s nothing like GameStop, which I believe before this happened had 30% of it’s stock in short positions.

AMC is up 250% today for the same reasons, along with a handful of others.

I think the £2.3m due diligence would have been when SH was in track for October.

They have only just agreed the workable framework according to the Dec RNS, so how could they have billed and collected the fees, and more so the point why would the client company’s have paid it?

I suspect this is going to pull the market back quite a bit.

Big sell off today.

They should be slicing and dicing the existing accounts, given they have already released interims to 31/03/20.

They won’t be starting from stretch, then all the reports and explanations have to be written for the front of the accounts.

My guess would be they are working on the judgments and whether this is a going concern, etc, and writing up the post balance sheet events.

You were hope that given Crowe were appointment months ago there shouldn’t be too much to do. Crowe use a platform called egress so it can all be done remotely anyway.