RE: Hang on11 Sep 2020 13:04
Right Jeff.... think I am sorted, I will post notes under each section fo the RNS, which was also in the interview ...try and justify why what he says is actually true
part 1
5. Institutional equity agreements
By virtue of the huge underserved market and the unique - proven - inventory monetisation service, the strategic Partners above have been asking to SYME to invest - directly or indirectly - into the capital of the Company, pursuant to confidentiality agreements in place relating to the business alliances which are on track. These agreements anticipate both broker to broker transfers and open market transactions as recent trading has proved.
Note- if you read my indirect investor posts will will see that AZ claims are true and was RN’s on the 8th sept. Show the transfer and how AZ holding in SYME remain unchanged in Orchestra group. So if he gave them away or sold cheap his holdings would reduce . You will know from my posting AZ had use shares as collateral. So where did the £11million from
There has been a few transfers since that buy but now we know from the RNS ii have been investing indirectly eg not from market .. so this indirect is the key to my postings
‘Company, pursuant to confidentiality agreements in place relating to the business alliances which are on track.”
Also note NDA and on track.. everyone is doing what they said they would do lol
1. Securitised Note Issuance (through StormHarbour Securities)
As planned, the Company has received offers, subject to contract, from a number of large, global institutional investors, to provide funding, in the form of securitisation notes, in order to monetise more than €300m of inventory. There has been strong demand from a number of investment funds (including private equity and multilateral financial institutions supporting businesses that are promoting post COVID growth) which are individually requesting exclusivity for the securitisation notes issuance, and which are also remaining available for strategic support to the Company for the next funding rounds. The Company is currently analysing whether to syndicate this first securitisation issuance or work on an exclusive basis with one of the Funds mentioned above. Meanwhile SYME is keen to complete the signing of binding contracts with regard to the Client companies forming part of the securitisation portfolio by the end of September.
Note- this all shows rapid expansion but a spanner has been thrown in the works as one just one wants to fund the NEXT funding round,however as per RNS
‘which are individually requesting exclusivity for the securitisation notes issuance, and which are also remaining available for strategic support to the Company for the next funding rounds.. note strategic support ...note plural,.. rounds ....get it ?
So,contracts being signed for first round and all hell broke lose after that