SYME - Venus Capital - Institutional/ Private Investors!! :)16 May 2022 10:41
Was passed this by the good old mate MarketMaster. He’s got some excellent LinkedIn Contacts. He got this message from a very smart Italian.
Former Italian Chamber of Commerce
Former President of Italian Business Council UAE
Former Partner in iMass Investment
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I saw the reaction of on the SP but, honestly, I did not get it completely. To me this was the best good news since months: my worries about Syme were not about the company to start monetizing something soon, they will get there and SP will pick up then. My worries were rather on the cash position something that they consolidated in the rns today bringing cash as equity which is an asset. I am not bother to be diluted 7-8% if the company has financial assets x% higher since I have less shares on a company of higher enterprise value, which is equivalent to have more shares on a company with lower enterprise value.The announcement today brings into the game the first institutional or, let's say, professional investor, that bring equity on the table in change of new shares, something that makes the Company more solid in terms of financial assets and long term strategic investor, something that Mercator definitely was no****rcator was just providing a convertible loan, working capital at a premium cost to Syme and syme's share holders, and that was anyhow diluting the share holders every month and depressing the SP at every round.I prefer to be diluted once and build real assets rather than every month going into a spiral, without building nothing but just making Mercator richer.??Remember that young companies die because they run out of cash, not of ideas. If the cash position is now solid, I am happy and ideas are the last thing that can go missing in an innovative business as Syme and TFC. This is why, on my personal view, the rns was positive to me.?...and probably I am not the only one thinking that way, as I could see at the end of the business day, big buys of 80ml shares, 11ml, 17ml, 80ml again
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Hope this helps LTH. Our day is coming!! :)