Supply@me Capital Share Discussion Threads

[thanatos abysss] 04/4/2024 13:20

sure but can i have some chilli sauce on the windows too please

[nobbygnome] 04/4/2024 13:10

But if Peakhope makes a statement all his LSE followers get excited….

[henrycrs] 04/4/2024 13:00

I am 100% sure.Derampers are out daily. No one buys on the back of a rocket or unicorn emoji.

[amanitaangelicus] 04/4/2024 12:48

Seriously ...i missed oot.

[amanitaangelicus] 04/4/2024 12:41

How anyone can take this pack o cards business is anyone.s guess. How does it survive. AZ working from hos Sicilian farm shed?

[sparty1] 04/4/2024 11:12

Let`s have it here anyway. Then Pinkfoot the !Ex broker can break it down for us.

"In connection with the above referenced announcement, the Company was notified on 4 April 2024 that the AvantGarde Group S.p.A ("TAG"), a Person Closely Associated ("PCA") with Alessandro Zamboni, a Person Discharging Managerial Responsibilities ("PDMR") of SYME received a total of 1,500,000,000 new ordinary shares of nominal value £0.00002 each in the capital of the Company ("Ordinary Shares") in exchange for repayment of the £800,000 unsecured working capital loan that TAG had provided to SYME. This resulted in a fixed subscription price of 0.053pence per Ordinary Share received by TAG. Details of this notification are below in accordance with UK MAR."

Does not seem like a company heading for self imposed implosion. The headwinds have been much stronger than AZ thought though that`s for sure.

I hope "pinkfoot"`s condition is not too painful..

[cjb1971] 04/4/2024 11:12

We will end the day level.

[city1911] 04/4/2024 11:00

People are more likely buying in on the pending completion of WL Nobby. What impact it has on the share price is another matter. Will it fall back after an early rise like most announcements or will it be the start of something new. Time will tell. Be happy for us lol

[nobbygnome] 04/4/2024 10:28

Henry are you sure about that. There are some very gullible investors out there and Twitter and other ramps are very common. Because of the nature of it’s shareholders SYME has to be a prime target for such a coordinated ramp….

[nobbygnome] 04/4/2024 10:26

MIN is actually unchanged but by your measure of the latest trade it’s up because of a buy at 0.76.

[paul planet earth1] 04/4/2024 09:41

Oh dear how 😔 sad MIN Down (6%) SYME UP 8% and climbing!

[cjb1971] 04/4/2024 09:33

Yes AZ and banco co ordinating a big ramp by completing WL.

[smithie6] 04/4/2024 09:32

Question.

Raising money from inventory you have sitting in your warehouse.

1) how solid an asset is that to a lender ?
If the lender is not repaid his cash, if he sends a truck to collect the security for the loan (the specific quantity of inventory of type XYZ) if the inventory is not there, the lender is screwed & loses his money, yes ?

2) someone has to physically go to the warehouse & check the inventory exists & that it is in perfect condition?
That means cost & delay, no ?

3) What stops a company in problems raising cash by selling it's inventory to 4 different companies like SYME......but then, because it is in problems (let us say it's products are double the price of Asian imports) it goes bust anyway....& there are a queue of creditors, none of whom will get 100% back ?
And there are surely creditors with higher status who have to be paid before SYME.

4) and this RNS text
...is it a massive red flag ?

"As a result TAG is currently pursuing legal options to allow for the required loan repayments to be made by them and for the SYME shares that were transferred as loan security for the HWCP Loan and the SLS Loan to be transferred back to TAG."

5) 0.04p/share & billions of shares....& the main director is perhaps in Italy

Is that more red flags ?

Italy is close to Greece, home of the famous scam played on UK investors by "Globo" PLC.

6) Is Italy highly respected for
- it's financial sector ?
- the honourability of its politicians (recall Berlusconi, sacking of the city rulers of Rome if I recall correctly)
- the stability of it's Governments
- it's ability to keep the mafia out of society & life
- the honesty of it's policemen

....quite a forest of red flags from where I am standing.