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Another thing I have been thinking about......SYME opened up their books/ business plan / current live business / cash flow forecasts in order to secure this loan in today's market....

Insiders in one of Italy's largest banks have now seen under the hood of the SYME machine.....everyone talks...the banking communities are all linked......dinners...socials...bars.....the SYME word will filter through. This could mark the start of decent buying before IM Via Traditional Funding is confirmed.

Remember we have £329 million Pipeline of Inventory ready to be Monetised.

Anal Beads,

It will be 66 Bill as per the RNS. 9 Billion more shares and the company cashed up for 12 months at least so no further dilution. Why do you keep spreading fear? why are you here?

"Pursuant to the Side Letter and the Addendum Deed, both executed today, the Company has agreed with Venus and Mercator (respectively) to, inter alia, accelerate Venus's subscription of all remaining Venus Mandatory Subscription Shares and Venus Optional Subscription Shares at Secondary Admission to raise gross proceeds of £4,365,000 (i.e., the Venus Amount).

"It is the intention of the Company to exercise the Mercator Repayment Option and to pay £3,536,553to Mercator in full and final settlement of all outstanding amounts payable by the Company to Mercator under the Mercator Loan Notes and Mercator CLNs (including incurred fees) utilising the Venus Amount.

"Given the inherent protective optionality baked into the Mercator Repayment Option, for good order, the Company has set out in the Part IV of the Prospectus the estimated maximum numbers of New Ordinary Shares which it would need to issue in the context of Further Admission in the scenario where it does and does not trigger the Mercator Repayment Option. Clearly, the Company's stated intention is to exercise the Mercator Repayment Option after Secondary Admission takes place and once it is in receipt of the Venus Amount - investors are strongly encouraged to bear that in mind.

"The Board firmly believes that following Admission, Secondary Admission and the exercise of the Mercator Repayment Option utilising the Venus Amount, the "cap table" of the Company will be rationalised and, when taken with the first Inventory Monetisation© transaction, the investment proposition of SYME is significantly de-risked and its equity story is advanced. Moreover, the Company does not expect to raise additional finance through the issue of further new Ordinary Shares in the foreseeable future, save, of course, to the extent any outstanding warrants are exercised by existing holders."

From Interims RNS

Warehoused Goods monetisation

Client company origination

Origination of client companies with inventory suitable for Inventory Monetisation continued steadily in our core focus regions of Italy and the United Kingdom. Pipeline of client companies grew from £164.8m as at 24 May 2022 to £329.8m as at 23 September 2022. The need for inventory solutions with a quality platform and backend from day one is driving significant opportunities for client company origination and for self-funding/ White-label opportunities with global banks.

We are also diligently working on building quality portfolios of client companies to attract additional Inventory Funders.

As we on-board new client customers and increase our pipeline of Inventory Funders, we expect the due diligence revenue to significantly improve. In addition, we are still not fully utilising our PR, marketing and events campaigns which are expected to significantly raise awareness of the Platform and SYME capabilities to address a growing need in the global market.

Italy

The Group's origination team works with a select panel of originators and local business introducers. There is a strong pipeline of opportunities in Italy. We expect to see the flow of originated client companies to increase following the announcement of the first Inventory Monetisation and as we renew contracts with existing and new originators.

United Kingdom

Origination in the UK has significantly grown with client companies originated through the strong relationships held with a wide eco-system of introducers. There are a number of opportunities now available to deploy in Q4 2022 and Q1/Q2 2023. In 2023 we will continue to engage with the current eco-system of originators and leverage of the first IM transactions as client companies gain confidence in the platform.

Middle East and North Africa (MENA)

While business in Europe continues to be our core focus, progress was made on a number of fronts to lay the groundwork for future IM transactions in MENA jurisdictions, including the UAE, supported by a select panel of local partners and brokers in the region.

United States

The set up of the US go to market strategy continues to be built upon the SYME' partnership with Anthony Brown of The Trade Advisory. Mr Brown is providing strategic advice to our Executive Directors in relation to seizing the unique opportunity to develop the Inventory Monetisation service in the United States and also exploring potential strategic alliances with vertical software providers on inventory data analytics/ inventory optimisation.

Great SYME summary I came across

Fintech pioneers Supply@ME Capital plc (SYME) and VeChain Foundation (VET $VET), in partnership have announced the world’s first TrueSale Inventory Monetisation transaction for a Global Italian Company. This will completely change the way businesses, especially SME's are financed, forever. They have a growing Pipeline of £329 million worth of inventory in final stages of being being monetised via the Fintech Platform.

By securing "Cash Flow" against an agreed market value of your company warehouse stock in the form of true sale, using blockchain technology and smart contracts, you can release money / cash tied up in your business off book, with no negative cash balance showing on the balance sheet. A Debt Free True Sale Facility. This has been verified by the Big Four Accounting Auditors. It is being called a “New Asset Class”

When the time comes to sell your warehoused goods / inventory to your consumer / customers, you simply buy / purchase back some or all of your goods from Supply@Me for the pre agreed price (including your loan fee) to then re-sell them on to your customer for a profit. The blockchain is then adjusted to reflect the new total and can be monitored from start to finish by all authorised parties using their realtime platform.

Add in the fact that Supply@Me also offer end to end financing via their subsidiary TradeFlow Capital Management (TFC) for InTransit (being transported) goods, you can see they really do have the whole package taken care of for any client contemplating taking advantage of this service. DP World DPWorld liked the business model so much, they now offer the service themselves to their clients through a WhiteLabel offering in partnership with Supply@Me and Tradeflow.

SYME's business models are Sharia law compliant so can operate in UAE / MiddleEast countries, working with their funding partner Intesa Sanpaolo Bank to structure the funding route for our Shariah-compliant IM platform in the Middle East. In this regard, discussions are underway with reference to the opportunity to launch a dedicated Fund or to deploy Over-The-Counter, single-name, transactions. In parallel, they leveraged their partnership with I-MASS LLC to explore further inventory funding alliances in the UAE, including with a local new challenger bank. Additionally, the Company is involved in a White-label tender by a bank operating in Saudi Arabia.

The platform is also being rolled out across USA / Americas with assistance from Tony Brown, a world leader in Supply Chain Finance. Europe, Oceanic and Asian markets are able to take advantage also.

This business model also holds a massive opportunity for companies to keep on hand additional stock at minimal extra cost to themselves, which in turn help alleviate the SupplyChain crisis we are seeing all over the world at present. Not only this, but it helps create a fairer market with up to date tracking of commodity prices / values…

Role Purpose:

Legal subject matter expert to ensure effective, commercial and compliant management of all legal, regulatory and corporate governance matters.

Key Accountabilities:

Legal risk management

Advise and guide on Supply@ME Capital plc (“SYME plc”) contracts ensuring commerciality and legal compliance, working with external counsel as appropriate
Advise and guide Supply@ME subsidiaries as required, currently UK, Italy and Singapore
Support and guide work with MENA and US contractors as required
Project manage and guide transactions for the SYME plc and subsidiary companies
Manage SYME plc contract negotiations as required
Corporate governance

Ensure compliance with UK corporate governance rules for listed companies
Support the Board of Directors in writing and approving board minutes
Work with our registrars to manage the share register and shareholder requests
Advise on implementation of the UK Companies Act and QCA Corporate Governance Code
Maintain SYME plc and all group companies' statutory books and registers
Manage all share administration
Manage AGM and any other shareholder meetings to ensure success and shareholders needs and expectations are met
Manage and administer all companies house filings
Regulatory change management

Assess the regulatory risk of SYME plc, building effective internal legal & regulatory systems and processes
Train, develop and keep up to date the knowledge base of the Senior Management team and Board of regulatory developments with affect the business
Ensure compliance with regulation and requirements, including listing compliance, RNS creation and market communication and relationship with the FCA and other potential further regulators
Key Requirements

Essential

UK qualified lawyer with corporate law competence, ideally having worked for an external law firm on transactions
Experience supporting listed companies comply with listing rules
Ability to use Office365 package (Powerpoint, Word, Excel and Sharepoint suite)
Can do attitude with the ability to get into the detail and take a strategic view as required
Desire to work collaboratively to continue to build and develop our unique and innovative business model
Ability and experience of supporting members of a leadership team and/or board by applying legal expertise across a range of different specialisms
Credible with the ability to communicate with a range of stakeholders
The ability and experience to ensure commerciality is effectively balanced with legal compliance
The ability to communicate complex messages succinctly and impactfully
Exceptional organisational and administration skills with the ability to flex to the needs of an innovative changing business
Knowledge and experience of ensuring the QCA Corporate Governance code is adhered to and tactical delivery of this
Growth mindset, with a desire to continuously learn about your field of expertise

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