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We caprisce alright
So let’s view your latest fail
“So : total bonds Euro 61m, TAG/1AF2's 39% shareholding (currently worth abt Euro 49m) as support/security.”
The discrepancy there is obvious,
Now let’s extrapolate. Using your own figures
€49mill against €61 mill bond security doesn’t work
How about a doubling of the sp
€98 million against €61mill shares, getting better I would say not ideal though..
So do you Capisce extrader, or do you not want to see further than the end of your nose..
Tick tock extrader,
Oh extrader, you think I sleep lol.. not for years now,
So let’s look at your posting for a change, the subtleties in the bond announcements where your posts are fails.
Let’s start with this
“So investors will look at TAG/1AF2 financial credibility first... and only then at the underlying security on offer.
TBH, SYME shares as security have several question-marks.....and 1AF2 /TAG financials are a complete unknown... do you seriously believe TAG financials will be forthcoming.”
Do they though, as you see below 1AF2 ltd, which is now a subsidiary of TAG, a merger with 1AF2 srl
The bonds are issued by 1AF2 ltd, with TAG acting as guarantor. It also states, as I posted and the link confirmed, a periodic review to ensure the right level of security is in place.
So sp goes up level of security goes down, and obviously if sp falls a larger proportion of shares are required,
Hence my statement that TAG and 1 AF2 are aligned with PI
It also shows AZ and 1 AF2 have not sold shares, nor are they likely to in the next 2 years as they need to cover the bonds
Referencing ECP RNS
https://www.eight.capital/wp-content/uploads/2021/08/25082021-Purchase-of-EUR40million-Secured-Bonds.pdf
In which it states
“The Bonds were issued to IWEP by 1AF2 Limited, a private company registered in England which is a wholly owned subsidiary of The Avantgarde Group S.p.A. ("TAG"),l
Bonds require periodic review and revaluation of the security package, and provide mechanisms for its modification if required, and additionally include a parent company guarantee by TAG which may be exchanged for a specific asset pledge in the future, subject to the trustee accepting this change on behalf of bondholders. The Company understands that it is the intention of TAG to list the Bonds on a European stock exchange in due course.
Now we have established fact, we can progress to focusing on your statement
Now you state given TAG financials etc, copied and pasted above, it doesn’t need to be TAG financials. Since it is 1AF2 issuing the bond the financials could be their financial reports.
It could even be possible it’s Banca Del Ceresio financials given the information from the link attached below and the statement within.
https://www.lse.co.uk/rns/SYME/holdings-in-company-q8tzlso87otx3i6.html
Eurofinleading Fiduciaria SpA owns 1AF2 srl
Of course it’s a fiduciary service, before you say a word, but the example is clear.
It could be who is behind 1AF2 ltd and srl.
One thing is clear, it is not as plain as you make out. Your posts always contain a fail.
Luckily for me I am not rushed as I normally am during the day.. as I could rip you a new arse ever second of every day as I have done all day today
You will pick holes in my post, but it will be BS and everyone knows it.
Start qualifying your statements with written submissions, otherwise it’s opinion and yours carry no weight here
Still blah blah blah
https://hjsolicitors.co.uk/article/bond-prospectuses/
https://www.investopedia.com/terms/c/collateraltrustbond.asp
All talk extrader, all ****e as usual
Let’s rewind,
AZ said they will be doing road shows, Milan, Paris, London and America, he also stated they will need a prospectus for the said roadshows in September
However, to get these bonds listed on a major European market, as announced by sinopoli and partners,, they will also need a prospectus .
These have to be lawful and with financial statements. These will be based on SYME as the bonds are secured by Syme shares.
Also, the amount of shares needed as security will depend on the share price..
So it is in 1AF2 and Tag interest this prospectus, based on news due among other data, raises the sp VERY high..
PMSL @ Savvy, he started this VERY in capitals .. or did he…
PMSL
Extrader, err sorry I don’t read your posts after your first fail. So just seen your reference to DW €40 mill
So much for filtering me.
You will see my posting history regarding, it more than covers the €21mill.
DW loan and charge being swapped for the bonds issue..
it’s all there,
Extrader, don’t take the hump because you got the “vendor loan”wrong, which was your ECP reference not mine.
Time hasn’t been your friend ex, for a year now you have been proven wrong time and time again
AZ 10 v Ext 0
That’s why I am filtered, as you just can’t stand being wrong.
Tick tock extrader, tick tock till the SP increases VERY much and the security, in terms of the shares as a % needed for the bonds will be reduced, hence TAG aligned with PI.
You never got it extrader, you never will
Extrader… sorry to let you know but that’s Eight Capital Partners..
your digging into the wrong company now..
Desperate now ex..
As time goes on your clutching more and more at straws.
But just to remind you .. from 29th dec
Resulting direct holdings of IWEP Ltd and its beneficial owner Mr. White, in Supply@Me Capital Plc, will become 0% and 2.96% respectively, post an internal reorganisation
You’ll have some comment no doubt. But this is my last post as your wasting space now..
To everyone else.
How much shares do 1AF2 have? ..as they are still legal owners of the shares from DW dealings from December, plus the 17.99% … plus 5% plus change
I wonder who is the king of the castle, close run thing I would say.. I wonder about Eurofinleading..
Oh well … days I would say ..
Extrader, not looking good for who exactly
Do you want to read the part where ECP can repay
“Consideration for the acquisition of the Bonds, including the accrued, unpaid interest, has been settled by a one year vendor loan ("Vendor Loan"), as described in the AGM notice and approved by shareholders on 6 August 2021, for the full par value of the Bonds and bearing interest at a fixed rate of 1.5% per annum due on repayment. The Vendor Loan may be repaid in full at any time and ECP can make partial repayments from time to time”
It’s two separate issues EX.. Your out of your depth with these bonds and it’s showing in every post.
Now go read ECP RNS about bonds issue they are taking out at 4.8% ..
Just stop extrader, as it’s not looking good for you
Why would you do that, you always take divi in cash, that way you get back your investment in chunks over time,
Depending who 1 AF2 actually are, they might reinvest back into IM making 5% return.
In business debt is good if you can make a bigger return on the capital redeployed elsewhere.
You sure as ****e never use your own money lol lol
If you don’t think that 1 AF2/tag are not aligned with pi interests think again.
The number of shares needed to cover this bond will be directly affected by the share price.
It is in their interest to have a VERY high sp,
The higher the better as less security needed,
How are they going to pay the principle (€61 mill)
They might never repay it, you replace/ roll over the debt just keep paying the interest
The higher the sp not only means the less shares but also reduced interest rates applied to the bonds as it will be deemed less risk..
You pay the bond on cash out.. otherwise known as takeover..
IMHO
Right done again, enjoy your weekend all
Are quite
https://dealflower-it.translate.goog/1af2-limited-the-avantgarde-group-emette-bond-da-61-milioni/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB&_x_tr_pto=ajax,nv,elem
So what are 1AF2 going to do with the €21mill.
Three possibilities that I can think of
1- IM to get 5% return, will they add to that, has implications for the bonds interest repayments.
Something like
21mill @ 5% return will see DW 40mill @ 2.5% interest payments covered.
Will they repay the loan and get back the 17.99% of their shares back.
Or will they (as co investors in CB) capitalise the bank with Quad.
Don’t really care,
As all of a sudden we are speaking hard cash these past few weeks.
€61 mill bonds [ debt owed by 1AF2, secured against Syme shares)
£5mill loan (with addition £2mill and CLN if required)
£40 mill to fund (with TF to fund £700 mill worth of business between now and 31st December, with some revenue booked in 2022, as deals done in November/December not complete till next financial year)
All of a sudden it’s real money with £, € and $ signs attached.
LSeking, your missing a treat, let me repeat it for you,
“ Why is there a need for a loan from NEGMA? Can they not just get the 200 million that was moved to AVANTGARDE back?
Saves any loan required.”
That’s going to appear in my history now hahahaha
Sorry but visitors here, football on, but just had to post
I am actually gobsmacked someone would tick that castle post up, never mind someone would post that on a share chat board.
I have read some dross on here but really it is just plain stupidly
Castle you deserve ridicule not an answer.
Just realised. Wrong link for casterman,
Please check out his LinkedIn page
https://be.linkedin.com/in/andrecasterman
Right done making a balls of it lol
Soon folks.. real soon
61 mill in bonds hey ..
all secured on Syme shares.
They know where this is going, so does AZ and so do I ..
Enjoy your weekend
From the names on ITFA
https://directory.singaporefintech.org/directory/listing/distributed-ledger-technologies-dlt-pte-ltd
And with TradeFlow
https://dlt.sg/dltledgers-and-tradeflowcapitalmanagement-join-forces/
Also widening trade gap
https://finance.yahoo.com/news/leading-singapore-fintech-trade-innovators-123100381.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvLnVrLw&guce_referrer_sig=AQAAABdaShRxepOoN8F19tsqXyWg_3nGYzeSjWR_JvTWFoFnJSNtovO_ul5me3VkQ1dRaQoY2HlDusI6auxo8MInXp_FmwIB6jGwp8Dl39I86LloKc9FOVJ-kp0UGbZ-54MT1d_1ZptW06GZ31HpgsGx3jY2GR0ZbA41SnA9bYdP6cvu
Getting to be a bit of a fan of this guy to
https://mobile.twitter.com/andrecasterman/status/1431320701890437124
Check out the members and committee members of the fintech panel at ITFA
https://itfa.org/about-us/functions/fintech-committee/
See Casterman, swift and ICC
https://www.cityandfinancialconferences.com/events/trade-finance-innovation-and-regulation-virtual-summit/speakers-2e489075392a46b28ba0fe2af59723ab.aspx?5S,M3,2e489075-392a-46b2-8ba0-fe2af59723ab=
See them both (Anthony Brown too) here
https://woa.community/about-woa/advisors