Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Stangemartian. Most business only go bust because they run out cash and convertible loan notes provide the cash to stop that happening. Mercator do provide the cash upfront as opposed to on each tranche of conversion which adds a bit more credit risk but whilst SYME is listed it can always refinance via another convertible and so is unlikely to run out of cash. A key risk is the Iconic scenario where the share is suspended and CLN provider can’t sell converted shares to recover their money.
Stevek1972
Probably nowhere different, but certainly with a lot more capital in your trading account.
They may not care but if the business goes bust then they got noone to lend money to for cheap shares which in turn equals lost potential profit.
Strangemartian
The only success factor Mercator and other convertible loan note holders need is a listed company with the liquidity to enable them to sell down shares and not get suspended like Iconic Labs. They aren’t long equity investors and don’t care about the company’s prospects. They convert and sell and typically conversion notice only arrives after they have sold shares of a forward settlement basis. Ironically if SYME does well they get repaid in cash which demonstrates they aren’t interested in being equity owners of SYME merely provides of financing at a 10% upfront fee, plus warrants and the profit they make on conversion achieved at 85% VWAP.
They are the form of finance only used by the most desperate of Standard Listed and AIM companies who can’t raise equity or debt from conventional sources.
@Strangemartian
That's not how they work, I had this argument when Negma come onto the scene, won't bore the board with it again. But the CLN provider could not care less if the business succeeds or fails due to the event of default terms in the agreement.
A CLN is your enemy, your hero is revenue and paying it off with cash. Its that simple.
"Your right there Elllltelinv must be very close."
I hate to sound like a broken record, but other than getting out of a hole/wishful thinking, WHY is it very close?
Yes CLN not ideal but also take into account they want the business to succeed else they get neither shares or cash.
"CLN is proof of business community’s confidence"
That line above is at best idiotic and worst disingenuous, not sure which one the OP falls into.
A CLN is the sub prime debt facility of the business world, they want to play with the share price in order to maximise profits, they want the customer to fail on cash repayments so they can benefit from enhanced share dilution and low VWAP forward selling conversions. Anyone trying to convince people otherwise should not have the ability to look in a mirror!
I disagree on new CEO - he remains the man in my books.
I believe he has acted enthusiastically and had events gone his way the share price would be 5p today.
Do your research and you will know the reasons for the delay, better concept than 12 months ago. Employee growth. CLN is proof of business community’s confidence. TF deal is proof of business confidence.
Research.
AZ is human and has made mistakes in over promising and under delivery. My view is that the new team will ensure over delivery and under promise. This is why people now need to invest.
Personally, I don’t. But I had/have more faith in the new team built up and the new Chair. Hopefully they have now go everything in order.
There seems to be a lot of hype building about imminent news, I am not sure why but let’s see.
Alessandro Zamboni, Chief Executive of Supply@ME Capital plc, commented: "2021 has been a transformational year. The Group has made tremendous progress since December last year and we should be proud of what we have created. Supply@ME is a unique equity story which is attracting a lot of interest from investors, lenders and strategic partners across the globe. The standard setters and regulators are working as well to support the alternative capital market industry and the Company will benefit from that in 2022. Now that market conditions seem more settled, we expect an acceleration of revenue, aimed at rewarding the commitment and trust of all our shareholders and key stakeholders
Correct - difference now is news could come anytime so if folk want to be in they need to buy now.
Previously the company has mistakenly set deadlines and missed them - couldn’t be worse. However, the news of FB, WL, MENA tie-up is overdue and not pegged to a deadline. When news comes, any day in my view, then the sp will rocket.
Everyone is saying it's time, so if right this could see a price increase to lets say 10p, once it starts it will move up very quickly.
If they fail to deliver on the promise then it's back to the start.
Like everyone lets hope AZ has it right and delivers and again lets all hope my 10p is well short of what can be
Bit like choosing the lottery numbers or Evertons next manager. Who knows pure guesswork.
No 0.007
£1.28
Ha ha!
£1.26
0.17 the full ask about to pay king
lseking is running a company whose share price is down 90% but you think he is the king???
Seriously wake up he’s done a terrible job
0.07
No news 0.15 - 0.20
Poor news 0.10
Good news 0.40+
GLA!
Yes good one spot on buddy
Fseking
Your production is ? ....