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Hi all.
Q/A from friday that company put together answers here.
https://drive.google.com/file/d/1kYK7okdSiZYX-i3BcG5V3pxtvb_JsmOA/view?usp=sharing
They also made a comparison / table showing the differences between the Greensill / Syme model.
That can be found here
https://drive.google.com/file/d/1HG9v0I6c-a1BD2MqujGC-qVOhNa5Xuh9/view?usp=sharing
GL all LTH
THAT, the directors be generally and unconditionally authorised to allot and issue equity
securities (as defined by section 560 of the Companies Act) up to an aggregate nominal amount
of £218,700....
Says nothing about 12B.. it says upto an amount of £218K.
The BOD hold 40% as stated in that AGM notice. Why would they dilute that by a third..
Hes at it as usual.
They are issuing around 250k for director salarys
Current market cap around 130 Million
At current price of 0.4ish 70M shares would raise £280k
Yet he spouting off about it being 12Billion extra shares.
Not a scooby.
Have a look at the class of shares extrader let me know when you realise your error.
It's the class of shares ya numpty they are .0.002p ordinary shares. That's not the price they will be issued at. Ffs. For someone that is all knowing you sure are a bit dim..
Parm remove the spaces from the below.
That is a public group or a first landing.
that is open to everyone.
Drop a comment in there and @dannyaus1
I can then add you to the private ones once I verify it's you.
htt ps: //t .me/ join chat/ ZCAt4N4 AZF9iZTY0
Not going back and forth with you kevin
You have more faces than big ben and are one of them with alterior motives I mentioned earlier.
On here you try your hardest to sound genuine. But a read of the Advfn bulletin board which you also frequent paints a different story.
Hi Parm.
At this stage I'm not too sure. I sent an email regarding these to the company and they came back with the fact that the recipients of the loan shares had already made there hedging strategys and the cash was to be used in relation to the aquistion of the banking license.
I will share relevant question and response below you will have to take it at face value with my word attatched that it's a genuine response.
Q1.Is it a safe assumption that we are at the mercy of the three lending platforms until a period in which the loan has been repaid? I.e can they trade a range / suppress share price movement until a period in which the loan has been repaid?
SYME thinks that it’s NOT correct. The Lenders already made their hedging strategy in July/ August. So SYME doesn’t see any further impacts. Another evidence is the strong increase of the shares price in August.
Q2, Also is there an underlying reason unknown to private investors for the rapid offload of shares by Ceresio Sim, Parrot Capital, Equita SIM Spa
1AF2 posted an RNS so it moved from 23,91% to nearly 5% pursuant to the stock lending transactions explained. The reason of the stock lending deals we think has been clarified seeing the RNS 21 September (1AF2 banking licensing acquisition together with an European Private Equity Fund)
The other Entities you mentioned (Parrot, Equita) are Financial Services intermediaries/ Asset Manager so it’s normal that they can transfer the shares pursuant their investment strategy if they have requested from other funds/ other investors … (but typically they don’t sell the shares directly to the market)
ATB parm you have the patience of a saint remaining on this BB with all the nonsense that comes with it. If you ever want to join the tele gram community get in touch. It's a much better intermediarie to exchange information and go back and forth with links / documents.
Wolf your comment here "The loan shares were originally loaned out of 1AF2 which then folded into new ‘TAG’ which is the 30% odd owned by AZ per the RNS/Accounts""
Wolf the statement above is wrong on so many levels. The 38.9% owned by TAG / 1Af2 does not include the loan shares and the shares DW sold were bought by 1Af2 which then merged with TAG.
Plus the HNWI took an additional 12.2%.
Below from 24th dec RNS
Five professional investors (the "New Investors") have, acquired, in aggregate a 12.2% shareholding in the Company, further diversifying and strengthening the Company's investor base. Their combined shareholdings, comprising 4 billion ordinary shares, were acquired following completion of the transactions detailed below, which are aimed at simplifying the Company's ownership structure going forward:
· the purchase by 1AF2 S.r.l of 4.2bn SYME ordinary shares from IWEP Ltd at 0.0048 GBP;
· a merger between 1AF2 S.r.l. and the AvantGarde Group S.p.A.. The merged company will be named "the AvantGarde Group";
· the disposal of all of Orchestra Group's SYME ordinary shares to the newly formed AvantGarde Group; and
· the sale of 4.0bn SYME ordinary shares by the AvantGarde Group to the New Investors at 0.0048 GBP based on the performance of the Company.
Following completion of the transactions, the shareholdings of each of the three parties will be as follows:
· the AvantGarde Group SpA (post-merger*) 38,9%
• Loan shares 17.99%
(The percentage stated does not include the 17.99% of SYME shares related to the collateral transferred in accordance with the three stock-lending transactions announced on 29 July 2020.)
· The New Investors** 12.2%
· IWEP Ltd*** 2.98%
Alot on here either dont know what they are talking about or have alteriour motives.
The only dogs around here are the strays like yourself that wanna linger and try and instill fear on new holders so cheap shares can be accumulated.
Remember the names of all these people they are the same ones that spent 6-7 weeks saying we arent coming back from suspension.. yet here we are and have been given the tick of approval as kosher by the FCA.
Az is the biggest shareholder. We are aligned. If he dilutes us all he would be diluting himself. If there were shares issued to pay for the aquistion I'm sure most shareholders would understand. As it's a great addition and the market this opens up for syme is off the scale.. I don't think there will be dilution but who knows. Someone has been bankrolling this from the get go.
Platform was 5 years in the making pre RTO who was paying for all that?
What this means is we can monetize commodities and inventory in transit from point of origination to the point where they are recieved. Most of which already has a buyer already established.
Symes going large.
US$500,000,000 of SME Trades enabled by Trade Flow Funds, 700+ transactions, over 25+ types of Physical Commodities and has KYC'd over 800+ customer counterparts.
TradeFlow's non-credit, non-lending strategy delivered the goods during the COVID 2020 period and continues to deliver to its Investors and SME firms in 2021.
Tradeflow avoids the turmoil in the trade finance markets thanks to its non-lending strategy, which does not involve giving credit directly to buyers, sellers or trading firms. Its Trade Flow fund strategy acts like a middle-man, a neutral principal in commodity trade deals, taking ownership of the commodity and getting it delivered. Even if a customer counterpart fails, Tradeflow can sell that commodity quickly to someone else and get its investors money back.
By not giving credit by enabling the trade, it also means that TradeFlow is not dependent on the capacity of the Credit Risk Insurance markets unlike some other traditional lending approaches in Trade Finance. TradeFlow Capital relies on the quality of the underlying transaction; the commodity.
wolf had similar issues with wording of article stating "or end of April"
a mate in the SYME telegram groups emailed to get confirmation. the response from AZ was below,
Hi (name withheld),
I think the article basically says:
Update by the end of the Month (March)
Further update in occasion of 2020 Audited Financial Statements (April)
Best
Alessandro Zamboni
can believe me or seek further clarification from company yourself,
as understand it is hard to take anyone at face value on a public forum.
Important to differentiate between supply chain finance and inventory monetization IMO. Alot are lumping the 2 of these together when they are definately not the same thing.
Symes offering is unique and clever.
Companies get access to working capital which is not shown as debt on there balance sheets.
Companies inventory is digitalized and tokenized which allows for the traceability aspect of the underlying.
(This would offer a solution to the mess you have seen at greensill if anything)
The funders get a return on there money and the guarantee of knowing the inventory has been tokenized / accounted for. Plus technically own the underlying if $#1T was to hit the fan.
Syme gets a return on thier platform fee.
Everyone benefits. It's a brilliant idea.
The key will be selecting inventory that has a resale value and doesnt depreciate.
It's just down to whether or not they can pull it all together. Extrader thinks they can't / wont. Alot of us investors think they can / will.
Over to AZ and the team to find out.
https://www.salaamgateway.com/story/plugging-a-gap-uk-fintech-to-launch-islamic-solution-for-inventory-monetisation
https://www.unlock-bc.com/news/2021-02-25/blockchain-enabled-supplyme-capital-and-uae-imass-to-issue-shariah-compliant-sukuk
https://cointelegraph.com/news/fca-releases-detailed-5-point-plan-to-make-uk-a-fintech-powerhouse
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/965034/KalifaFintechReview_Exec_Summary.pdf
https://www.reuters.com/article/uk-britain-fintech/britain-sets-out-blueprint-to-keep-fintech-crown-after-brexit-idUSKBN2AQ0OL
NIKIKI
from January accounts update..
Impact on Inventory funders
The impact of COVID-19 on Inventory funders, that is the investors in the securitisation notes backed by the inventory portfolios, has been more difficult to interpret. Interest rates are at historic lows which means that investors are getting lower returns on capital compared to previous years when higher interest rates were the norm. SYME's new inventory asset class will offer a strong relative margin compared to interest rates on a risk adjusted basis. However, investors are undoubtedly more cautious and taking longer to make decisions. Time to close transactions, not only in Inventory funding, but across the investment spectrum, has increased.
The three to four month delay that SYME announced in July to its initial end September forecast to complete the first Inventory Monetisation has been the result. We are positive about the performance of the Company in the coming months as the first securitisation transaction closes, and the recently announced Captive Bank and the Shariah investment structures launch. The re-opening of the global economies as the uncertainty caused by COVID-19 dissipates will undoubtedly also help.
there has been a pandemic happening with mutiple lockdowns that weren't anticipated.
has AZ has missed deadlines. YES. does it **** me off . YES can I understand why there might be delays? Yes
trying to get funders to commit capital to an unproven concept during a pandemic that has not yet ended is no small feat.
Do I think he will get it done eventually?
Im willing to wait and find out.
Last trading update was inside the financials. Was "update on current buisness operations" had update on all regions update on IM portfolio and all the partnerships etc. Constitutes a trading update for me.. next one is end of March. Which ties in with the end of Q1 deadline for everything else. Be interesting to watch how it all unfolds hope he blows the roof off. Been a long time coming
One more then I must work haha.
From bebeez article above.
Abal had to acquire Supply@Me srl. As it was not deemed a buisness as such. The cost was as below.
Hence the write off.
From bebeez article linked prior.
Meanwhile, Abal in late September 2019 entered into an agreement to acquire the entire capital of Supply@Me for 224.478 million pounds, announcing that it would have paid the acquisition with the proceeds of a new listing,