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As this share is now suspended, does anybody know hat new listing will be, under name Supply2 ME Capital Ltd???
Seriously, what's the holdup on this EGM?? They made it sound like a done deal barring shareholder agreement
Dominic White (current CEO of 8 Capital Partners) is also the mentioned director of Supply2 ME Capital Ltd The newly registered company also shares the same address in London where 8 Capital are currently operating.
Hi guys I found some good info on your company. https://www.finextra.com/pressarticle/79398/supplyme-to-launch-working-capital-platform-on-siachain Im not in here but have a holdingin Eight capital which owns 20% Abal ao should help them to get off the ground . gl everyone. Eight Capital Partners Plc Share Price (ECP.PL) is on Nex.
Been a few weeks now, supply@me ltd has been set up so hopefully an update not too far off now.
With a low placing price for the RTO then a guess would put supply@me between £3m and £5m. That would mean between 500m and 800m shares placed. At £5m that would give TAG 80% of a main listed company which seems high. Maybe another 100m to 200m for cash will provide liquidity.
I would imagine that it will need to be voted on for shareholders approval.
On what to expect: probably heavy dilution to the current share issue. If this all goes through, then who knows where it will be in a few years. This would be a long term hold for me, here's hoping it all goes through and Brexit does not put the brakes on it
HI fiveotes,
Thanks for your psot as an ABAL shareholder do you know what the next step is and what to expect?
Thanks
The more I look into this the better I feel about my investment. Especially the link to the company SIA. My only concern is how many share will be issued to by Supply@ME
SIA - https://ibsintelligence.com/ibs-journal/ibs-news/supplyme-launches-inventory-monetization-solution-through-siachain/
Alessandro Zamboni is the CEO of AvantGarde the 75M euro rated company and Supply@ME
Exciting times ahead
I'm surprised that an EGM date hasn't been proposed. I was expecting an RNS this morning. Really looking forward to this being taken out of suspension
Call me a rose tinted investor but I can see a future UNICORN based on the current numbers that we only found out about....with the mention of rolling out In Europe then comes in our sugar daddy SIA
Bodes well and was worth waiting for
Supply@ME is the first independent FinTech Company provides a new way of Inventory monetization in order to satisfy Companies working capital needs operating in a wide range of industrial sectors. This scalable and pan-European service is already gaining traction in several domestic markets through partnerships with major Arrangers and Banks.
Very exciting for you guys, I'm not a holder but I'm looking forward to watching.
All the best, well deserved.
Supply@ME has already clinched more than 300m Euros worth of contracts with Companies and signed agreements with cross-border Financial Partners, supporting the execution of contracts and the target of new goals in the next months
NICE !!! more than 300m Euros worth of contracts £ £ £
About us
Supply@ME is a subsidiary Company of the AvantGarde Group S.p.A. – cross-border “fintech hub” with three active business lines: Regulatory – Technology (“RegTech”), Insurtech, and, through to Supply@ME, the c.d. “Asset-Based” Fintech.
The service model is managed by an innovative Platform that puts together Funders, through a securitisation scheme, and the Companies across the world. The structure works with several domestic Special Purpose Vehicles (“Stock Companies”) that are the commercial counterparties of the Manufacturing and Trading Companies. Behind the service are managed several exponential technologies with the aim of making Supply@ME the best Fintech re Inventory data monitoring system.
Supply@ME has already clinched more than 300m Euros worth of contracts with Companies and signed agreements with cross-border Financial Partners, supporting the execution of contracts and the target of new goals in the next months
Website
hxxp://www.supplyme.tech
Headquarters
Milan, Lombardy
Year Founded
2017
Company Type
Public Company
Size
51-200 employees
Specialties
Inventory financing, Working capital optimisation, Asset based lending, Inventory monitoring
So it's now confirmed that our new company (supply@me) we are about to reverse into, has already bagged 300 million euros worth of contracts on what they already have in the bag ?
Anyone want to guestimate a short term future MCap then ?
A compelling investment case here to take a slice of a new company that's in the hottest and sexiest sector of the market - with the backing of Europe's No.1 Blockchain solutions provider SIA
who are now partnered up with us for the European roll out to provide Supply@ME's solutions to SIA's existing customers...
Mcap can go any where once the company has reversed and settled in on the main market.
Valuation will catch up and reflect on the SP if one is patient enough.
Expotential growth as blockchain based TECH is the way forward
I will be holding all my shares now...as i see a real growth story / business here.
We are currently involved in:
Innovation, Fintech, Regulatory, Insurance, Digital transformation, Working capital optimisation, Blockchain, Internet of Things, Artificial Intelligence
Inventory financing, Working capital optimisation, Asset based lending, Inventory monitoring
from tiny acorns - oak trees are made !
Congrats to all those who had the balls to stay put
Well done for holding, you will be rewarded soon!
SIA and Supply@ME joined forces in August and will become our new fintech company after the RTO completion.
i got around 50,000 shares
Okay I stand corrected :) A lot depends on the fundamentals of the new company. But I still expect a big rise when shares are unsuspended. Do you have a holding here ace?
Shares can be issued at any price.
aceinvestor, shares can only be bought at current share price, the real price rise comes after suspension and RTO completion. Brilliant news for all holders!
Abal plc RNS, Fri 27 Sep 2019 - RTO [Supply@ME, Milan]. Placing shares to be issued at suspension price in exchange. It will then move to the Main Market of the London Stock Exchange.
Abal plc is currently suspended and RTO is subject to the usual as per said RNS.
RNS was issued at 11.30am.
Nice to hear news at last although I only have a small number of shares in Abal plc prior to suspension.
Ok. RTO at current price which is a bit disappointing, but lets see what happens.
RNS are out
October next week, any updates?
Any News??