Member Info for WolfofWarks

Steven - I think this is a spoof

Looking at the FTSE chart it’s actually that far off the March bottom, which I’d not really booked at before. I think there’s a big argument that a lot of shares are undervalued at the moment. Once that vaccine news comes in there is a lot of money to be made.

AP you keep banging on about €91m like it’s the counter argument to everything.

Behind every corporate failure (not saying by any means that’s what this is) there’s a stack of money.

It really is irrelevant.

I think that if all this stacks out the pot of gold will be in 18 months time. Before than I wouldn’t really worry. There’s that many headwinds at the moment intra day is anyone’s guess.

AP/Gotham/Parm

I don’t see why you guys have showed up here as I can’t see what you can contribute to what is a brilliant discussion.

Hi Gotham - these matters are widely open to interpretation.

I’d love to know why Grant Thornton didn’t fancy taking this on.

Substance over form

Yeah this would require a well targeted digital strategy.

“The platform technology generates a transaction, which is stored on the blockchain for all to see. The transaction leaves a digital print in the chain showing, for all to see, that ownership has moved from one entity to another. They have sold the inventory to the platform.

Another transaction occurs, digitally reconciled on the blockchain, if the company buys the inventory back.“

FB - this part here is the question mark going back to the original post. Control hasn’t passed - the goods are in the warehouse and control hasn’t passed to the new ‘temporary’ owner. You’ve basically got a reversing debit and credit in the middle of the transaction between the client company and the end customer.

FB - I agree with you on these points as well which is what for me it’s a question mark, by no means definitive.

The only thing I would say it wouldn’t be completely implausible given some of the amateur things that have gone on so far.

FB - I’ve made this point a few times but while we’re operating in Italy I think it’s still a question mark. Once it’s been through UK and USA (I’m thinking in particular Sarbannes-Oxley Act) audits it disappears for me.

Listen all you guys who are just chipping in for the sake with nothing substantive to say why don’t you just leave the thread alone.

It’s actually a decent discussion, and you probably don’t understand the importance and context of it in terms of your investment.

Hi FB I didn’t say 100%. But clearly if the new wheel doesn’t pass the audit test and ends up on the balance sheet from an accounting perspective it’s really no different to any other asset based financing, factoring, etc.

The financing would be on the balance sheet though rather than off book which wouldn’t really make it a new asset class and brings into doubt new wheel, etc, etc.

You can already borrow against inventory in the traditional sense so SYME would lose its USP.

Hi Mick

Taxation is a different subject. What Amazon, Google, etc, are doing is only morally wrong.

My theory is that the shoot up in August was overdone and is reaching a more realistic valuation until the market is in receipt of more concrete news - mainly trading updates, accounts, etc. In which case it will take off again.

My time horizon for this is the new year - first quarter confirmation of numbers from first monetisation, second monetisation progress. Then good updates on pilots in Middle East and UK and then commencement of USA pilot.

This is all subject to obvious regulatory approvals and acceptance of the accounting relevant to the new wheel concept in the more rigorous markets.

They most likely report under IFRS, the international standard.

Stock in general are in for a terrible week.

UK Lockdown, US election, no clear winner, etc … then Brexit deal or no deal on the horizon.

I always take the view the as long as you don't need the money imminently and the market as a whole is moving down (like last week) then go with the flow.

Haha Cardan I'm currently watching Lion King with my lad.

Good ol' Disney+.