Member Info for borrowfundsfrommummy

Need room for Shell and BA to take 1/3rd at £1... so be nice if they moving out for the big guns to come onboard

5m trades now appearing....movement pre RNS is upon us

British Airways and Shell have each now been granted an option to take a one-third share in the equity capital of Altalto Limited (a subsidiary of the Company) at a strike price of £1, as a pre-cursor to a full Shareholders' Agreement for Altalto Limited in due course.

With the severe lack of jobs in current climate and the state of the markets due to corona, I very much doubt anything here is priced in. New jobs and a scheme to convert waste to fuel. Just wait for some media coverage tonight too. Wont be seeing 4p prices tomorrow or this afternoon imo . remember simular story with SXX before it was screwed over

Nice one draft...good commentary

4.26p to buy...watch that rise rapidly

Converting waste to fuel. Cannot see anything rubbish about that... more jobs in crippling times and keeping the waste mountains down... greta wont be happy but then who cares

No objections...tick tock

https://www.nelincs.gov.uk/meetings/planning-committee-virtual-meeting/ its on here for those not watching it. Councillors discussing VLS application now...called it Star Prize and mentions jobs....wont be long before decision

https://www.nelincs.gov.uk/meetings/planning-committee-virtual-meeting/

Running now 0900-1200hrs

Freefloat is still tiny in comparison. The acquisition was the reason for the number of shares... would expect in the current climate of businesses being in lockdown and some nearly collapsing that the business model could be massive...any update on new contracts will really set this one off... 2% on all transactions not bad at all ...

Taken some before RNS lands...going to move big once it does

Thanks cottoner from that page 6 of the pdf calcs are 87% held by major holders ...13% freefloat.

Independent Shareholder approval is required under the Takeover Code to approve the waiver granted by the
Panel of the obligation of the members of the Concert Party to make a mandatory offer for the entire issued
share capital of the Company not already held by them as a result of the issue of Consideration Shares (“Code
Waiver”). Following the completion of the Acquisition and the Placing, which includes the Vendor Placing by the
Sellers, the Concert Party will in aggregate hold 24,422,037,715 Ordinary Shares representing 74.56 per cent. of
the Enlarged Issued Share Capital of the Company. Without the Code Waiver, the issue of the Consideration
Shares would require the Concert Party to make a general offer for the entire issued and to be issued share
capital of the Company not already held by it. The Panel has agreed with the Company to grant such a Code
waiver, subject to the passing at the General Meeting by Independent Shareholders (being Shareholders other
than the members of the Concert Party) of the Whitewash Resolution, to be taken on poll
Trying to see who has the holdings here as someone mentioned only 11% in freefloat ???

Last years ones.. published December 2019 https://www.supplymecapital.com/wp-content/uploads/2020/03/2019_12_02_AbalGroup_Annual-Report.pdf That was under Abal though

Clients receive a cash payment based on the book value of the inventory minus a refundable deposit (15% by value) which is withheld as deferred price, repayable at the end of the standard contract term of three years
The SPSC's servicing fee (typically 6-8%) is passed on to the SPSC's investors after deducting Supply@ME's platform royalties of 2%. The three-year inventory funding "package" is offered to investors as an asset backed note or other form of security with funders receiving a coupon of 4-6% per annum.Supply@ME has attracted funding from banks,hedge funds, family offices and other similar financial institutions.
For Supply@ME, the greater the access to funds, the greater its ability to grow.

Having scanned quickly information out there...Supplyme now issues credit against stock for companies needing it...so in essence a pawnbroker for companies to use to stay afloat...cash convertors of the business world if I'm reading it correctly

Supply@ME Capital PLC (LON:SYME) has begun its first day of dealings on the standard segment of the LSE’s main market following a reverse takeover by Abal Group PLC.

The inventory monetisation specialist said in conjunction with the takeover it has raised £2.24mln through the issue of around 331mln shares at a price of 0.68p each, with a total of £42.18mln worth of shares placed through a placing and vendor placing with institutional and other investors.

WATCH: Inventory monetisation firm Supply@ME Capital PLC begins trading in London
Supply@ME is a platform which allows companies to transfer unsold stock to other firms established by Supply@ME which can then be sold off to end customers.

“We believe we provide one of the most innovative, legal and technologically advanced FinTech solutions for working capital management related to inventory monetisaton currently available on the international market and firmly believe that this listing will enable us to further enhance our reach and offering”, said chief executive Alessandro Zamboni.

"The Supply@ME solution enables companies to more easily monetise the value of their inventories and realise cash value without the need to overstretch their balance sheets. Given the current serious trading and cashflow difficulties encountered by many businesses, hopefully, following the acquisition, as a business we are in a better position to support and assist companies in these challenging markets", he added.

In late-morning trading on Monday, the shares were at 1.1p, nearly 62% higher than the placing price prior to the company’s admission.

SP distressed...should see rise on that

Buy on the dips as this one going to rocket by the end of the week