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Too many suspicious things today... Will there be any other pump.
All this was just a pump?
What is the website. The link does not work!
So, the run is done?
The link does not work!
They got all that debt and they cannot even complete one order... The Coronavirus is a poor excuse...
What are you excited about? It is disatrous!
So, how is the company doing?
How do you know that there will be another conversion in one day?
You must know it... I have thought that you have special connections to the Team, Transfer Agent, ...
Meanwhile, April 15 is so close... A lot of shares will be dumped?
When will those financials be published?
Why should anyone still have any confidence in them? I have followed them for over 20 months... Nothing good came out... Only lies after lies....
They have a 15 days extension?
When is the 10K supposed to come out?
Has anyone ever talked to him?
Did you actually talk to him?
Why do you want to buy at that price? Do you know that it will stop there, from going down.? Have you ever talked to any of the “Dream”” team members?
Before all these debts are paid, this will go to 0.0001, and, after a reverse split, these scammers will repeat the crooked game?
How much more debt still has EMET to convert?
Ha anyone ever talked to any of the members of the Bad Dream Team?
So, how much is their official debt right now?
Who where all these shares issued for and what for? How many more and how soon will be issued?
How much is that note for? When will the next conversion be?
We review Symtomax’s bonds paying 30% over two years for investing in cannabis
OCTOBER 30, 2019 ~ BREV
Symtomax is offering bonds paying a 30% return over 24 months – 12% in the first year and 18% in the second year.
There is an option to exit the bond after 1 year. However this assumes that Symtomax will have sufficient liquid funds to repay investors who wish to exit.
Who are Symtomax?
Symtomax is incorporated in Portugal as Symtomax – Unipessoal Lda (Unipessoal translates as “sole proprietor”) and in the UK as Symtomax SPV.
Minette Coetzee is the sole owner of the UK subsidiary and listed on Symtomax’s website as CEO and Founder.
According to her LinkedIn bio, Coetzee was previously Managing Director of Atlantis Advice Bureau and a Director of The Mareeba Group. Both are obscure Gibraltarian companies about which there is very limited publicly available information.
How safe is the investment?
Adverts for Symtomax’s bonds sent via email and Facebook claim the investment offers “Asset Backed Security” and that “the investment is Brexit proof”.
Secured lending is not risk-free as there is a risk that if the underlying borrower defaults, the security cannot be sold for enough to cover the loan.
Investors in asset-backed loans have been known to lose 100% of their money when it turned out that there were not enough assets left to pay investors after paying the insolvency administrator (who always stands first in the queue).
We are not in any sense implying that the same will happen to investors in Symtomax, only illustrating the risk that is inherent in any loan note even when it is a secured loan.
If investors plan to rely on this security, it is essential that they hire professional due diligence specialists (working for themselves, not Symtomax) to confirm that in the event of a default, the assets of Symtomax would be valuable and liquid enough to compensate all investors. Investors should not simply rely on what Symtomax tells them about their assets.
Symtomax claims in its investment literature that it has a “95 hectare facility, producing 700,000kgs Comparison site with a market capacity of $9.28bn, the current market leader.” [sic]
Claiming to be able to produce $9.28bn worth of cannabis is a big claim for a startup company whose website was nothing but a placeholder as recently as August 2018.
Symtomax’s claim to be “Brexit proof” is extremely dubious as it is a Portugese company offering bonds in Sterling to UK investors.
Should Sterling rise from its current record lows, it will cost the company more to repay its already-very-expensive bonds.
Political involvement
According to a press release, Symtomax has recently hired the former State Secretary for Health and President of Portugal’s health regulator Infarmed, Dr Eurico Castro Alves, as director of Symtomax.
Whether the President of Portugal’s health regulator should be working for a pharmaceutical producer, given the potential conflict of interest issues is a question I will leave to the regulator.
For investors, the thing to remember is that legitimacy by association is not a substitute for due diligence.
The fact that a government official has joined the board does not make an investment paying 12-18% per year any less high risk.
Should I invest in Symtomax?
This blog does not give financial advice. The following are statements of publicly available facts or widely accepted investment principles, not a personalised recommendation. Investors should consult a regulated independent financial adviser if they are in any doubt.
As with any individual loan note to an unlisted startup company, this investment is only suitable for sophisticated and/or high net worth investors who have a substantial existing portfolio and are prepared to risk 100% loss of their money.
Any investment offering returns up to 18% in a year is extremely high risk. As an individual, illiquid security with a risk of total and permanent loss, Symtomax’s loan notes are much higher risk than a mainstream diversified stockmarket fund.
Before investing investors should ask themselves:
How would I feel if the investment defaulted and I lost 100% of my money?
Do I have a sufficiently large portfolio that the loss of 100% of my investment would not damage me financially?
Have I conducted due diligence to ensure the asset-backed security can be relied on?
If you are looking for a “secure” investment, you should not invest in corporate loans with a risk of 100% loss.
That is a lot of debt... Around 2 million? Which ones can be converted any time?
How much do the Oral Tabs sell for?
So, do they have any patents approved?
Will the price go up any time soon?
That seller got tired of all these delays and deceptions...
Is is going to get lower?
The "Dream" is turning into "Nightmare"... When is this going to get full light?
When will all this uncertainty end? I have been waiting since October 2018...
Why do you have to be a "special person" to receive that information? What is their email address?
What is the effect on the price?
What presentation on the 28th?
What do all these conversions bring for the other sh arehold,era? Will the price go down dr amatically?
When will that happen?
So, when was that mailed? And, when is the RS going to happen?