SYME - Nice Little Message From A Very Smart Italian5 Nov 2022 10:16
Former Italian Chamber of Commerce?
Former President of Italian Business Council UAE?Former Partner in iMass Investment??
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Hi, what is key to a Company in the pre-revenues stage is cash. That is the only concern, or the main one, that a shareholder should has at this stage. Supply@me's business model will take off, they are positioning well into the market, with VeChain and likely with traditional funders. It took more than expected and this is why cash is crucial to complete the job and transit the company to the other side of the river, where revenues can be generated and company become sustainable.
Therefore 1m euro loan is a good news, it gives that additional buffer of fuel to make sure the river is crossed without troubles and revenues will come.
The fact that a bank as BPM is lending money to Syme, it means they read their business pipeline and are happy with that: banks don't provide risk capital, they give loans only when they see the company is derisked and money plus interested can be paid back. This is why this news should comfort the shareholders and is a good news in my opinion... or BPM is also considering to work along the IM model and therefore contribute to the revenues generation. This would be even better.
We don't know, but either way it is a good news
??******************************************************??GLA LTH, it has been a long slog but our day is coming and very soon!!