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Castle im not looking at day to day share prices. Couldnt care less. This us a 3 to 4 year hold. So pick them up while their cheap.
I believe Warren Buffet said.
We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children."
See Doctor this person likes getting people banned and says he invests in only blue chip companies not penny stocks.
So you have to ask the question why post on a penny share board.
1. He invested in Syme lost money and blames the company. We are all big boys we know the risk when investing. Your choice no one elses.
2. Hes a paid basher and all he has said is lies.
The Agreement delivers on the following strategic objectives:
- the Bank will remain independent, owned by the Financial Partner and the Co-investors. Supply@ME will not be a Bank shareholder and it has no costs relating to the transaction. Control of key operational roles will be given to The AvantGarde Group who will be responsible for selecting the Bank's CEO, whilst governance supervision will be overseen by the Financial Partner
- the Bank will provide "banking-as-a-service" to Supply@ME in relation to:
o subscribing to all funding note issuances in line with the Bank's capital adequacy targets which have already been agreed,
o funding across Supply@ME Group's international operating regions, subject to country specific banking licence restrictions, and
o co-investing with institutional investors in securitisation notes issued by the Platform, in order to provide additional funds for inventory monetisation, in accordance with the Company's multi-channel funding strategy
- the Bank's indicative cumulative inventory funding targets are estimated at:
o EUR4bn by the end of 2021
o EUR5.5bn end 2022
o EUR7bn end 2023
o EUR8bn end 2024
- the funding costs to Supply@ME will be lower than the current costs borne by the Platform for its "open funding" securitisation
- the Bank will also be the "partner and banker of trust" for SYME, whereby all bank accounts set up for inventory monetisation transactions will be held at the Bank. This will serve to reinforce monitoring processes, digital integration and security
- the Bank can hold up to 2% of SYME share capital, including purchases through the market subject to MAR and other regulatory approvals
The Central Bank regulatory approval processes relating to the acquisition of the Bank are underway with the support of the local banking regulator. However, until such regulatory and contractual processes have been completed, the parties have stipulated that the name of the Bank and Financial Partner cannot be announced. The Financial Partner is a regulated investment manager in Europe which operates in the private equity and private debt markets. It has raised and invested more than EUR2 billion from institutional and retail investors.
Castle you and are Ectrader are the biggest liars Hes posted war and piece on ADVFN which is a load of **** and bull.
The 41m bonds for Az buy back are already in place and were purchased at PAR value by Eight Capital. These bonds are secured on Syme shares at moment. The asset (syme share) can be altered to new asset subject to the bond holders. The 61m bond is to buy a part of the Capitive bsnk with QusffivoYou couldnt pledge the bank as it has a licence to the AvantGarde group and Quadrivio as owner. But you could pledge 61m of bonds as the new asset.
The unanalyzer is at it again. Try to spread doubt. I suggest you go back in your hole with the rest of your trolls.
The loan pays for the Fintech bank which starts th IM which pays Negma. That could happen next week or by the end of September as per the longstop.
With all the buying going on daily basis im sure a TR1 will be issued in the next week or so. I expect another chunky buy today to add to the 655m bought already.