Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
Back on to a SYME related note., I noticed on that new job advertisement for a "Due Dilligence and Trade Execution Analyst" on linkedin, that part of the desirables was languages skills : Italian and/ or Arabic. Makes me think they must be making some progress in the MENA region.
Doctor, I'm glad someone else remembers this individual as they were also the ones who emailed Martin Lewis during the suspension as they were panicking. I tried to have a look back for the author of said posts but it would be like finding a needle in a haystack considering the sheer volume of posts. Not to mention that it could well have been in a thread that was reported and deleted.
I remember a good example I read someone around how much UK tax payers pay and by whom. Can't remember the percentages used but the principle remains.
10 friends go out for the dinner and the bill is split based upon their earnings as follows:
2 pay 60%
3 - pay 30%
1 - pays 10%
4 - Pay 0%
People weren't happy with how the split was done saying the 2 highest earners should be paying more. The 2 highest earners disagree and decide they no longer want to go to dinner anymore with the rest so they leave. Now the remaining guests have to find a way of funding 60% of the bill...who then pays? A good example that pushing the wealthy to pay even more can backfire.
Hughes, that tweet is a bit of a red herring when it refers to "Break even" considering part of the terms of the acquisition:
"Secondly, earn-out payments covering the period from January 2021 to December 2023, made in cash or shares at the choice of the Company, based on TradeFlow achieving annual revenue targets commensurate with the business plan that underpins its valuation. TradeFlow has been valued at approximately £31m by an independent valuation company."
Meaning there will be further payments to the directors to me made but this is still based upon them meeting their business plans. We don't know what the payout plan is or how much they could potentially be paid.
The Company has entered into an agreement ("Term Sheet") with the Italian Banking Group and the Fintech Bank which envisages:
1. the signing of a commercial agreement to manage both the origination of new Client companies and a multi-annual inventory funding plan; and
2. the execution of a first inventory monetisation transaction involving a portfolio of Italian Client Companies.
Simultaneously to the successful completion of the arrangements above, Supply@ME will acquire up to 10% of the Fintech Bank, a level which is below the threshold requiring regulatory approval. An additional 10% of the Fintech Bank may be acquired at the option of the Company within the following two years which would require an authorisation process through the Central Bank. In April 2021, the Fintech Bank was valued, by a Big4[1] firm, at between €34m - €50.6m.
The Term Sheet incorporates a binding commitment between parties with reference to:
· the time-scale, which envisages the completion of the arrangements above in July, unless the parties agree to extend due to internal authorisation processes or technical reasons. The Term Sheet has a contractual longstop deadline of 30 September 2021
castle2012
Posts: 3,360
Price: 0.2675
No Opinion
RE: Rough calcsToday 19:38
Scrambler:
"I'm watching this one over 12 months now."
Interesting choice of words. I don't personally don't see how anyone can verify if you are lloyd phillips. However your above statement is quite an interesting choice of words as I have a screenshot of Lloyd Phillips saying the EXACT same thing and claiming that he had been calling this a fraud for a year. The trouble is I and others had screenshot of him pumping and dumping this share and outrightly admitting it and also he couldn't been calling this share a fraud for a year as his twitter account had only been around about 6 months. Sounds like the accusations might be close to the mark dear boy.
Also you claims around not being tomtum? yeah right, you just happen to be posting on here and at the same time tomtum is posting on ADVFN about stirring things up here at the same time lol
Thought I'd take a look at what was going on here and surprise surprise jonesrichard is here!
Walletinvestor is complete nonsense. Last year after the initual it had predictions from as low as 3p to as high as £2 in january 2021. If you look at the site now, all of its figures have dramatically changed. The site is not worth paying attention too.
Thanks for confirming my thoughts on who you are velacrow. Were you sick of getting no response on Twitter> I mean the poll that was run showed that 88% of the participants had either blocked or had no clue who you are so you were bleeting to no one.
Slomo - if you want a copy of the share register email the company. You will be sent a form for you to fill out and sign and you will need to provide proof of holdings or pay to receive the share registered.
"The Company has entered into an agreement ("Term Sheet") with the Italian Banking Group and the Fintech Bank which envisages:
1. the signing of a commercial agreement to manage both the origination of new Client companies and a multi-annual inventory funding plan; and
2. the execution of a first inventory monetisation transaction involving a portfolio of Italian Client Companies.
Simultaneously to the successful completion of the arrangements above, Supply@ME will acquire up to 10% of the Fintech Bank"