Member Info for Hughez87

Nice little summary 2G2D 👍👍

Now you have let out your RAGE!!

Let’s stick to SYME and INVESTORS talking about whether it can or cannot survive.

I’m sure 2G2D will keep you busy for the rest of the weekend sadly posting on the board of a suspended company while NOT HOLDING shares!!!

GLA LTH’s!!

We’re here to talk about SYME — not to take shots at others. I don’t “attack” posts or people for that matter — the odd dig at Anal or NotSoLuckyBob is just part of the banter. But what gives me some real belief in a potential SYME revival is the calibre of people now involved. Zamboni is still a central figure (and his ownership in SYME matters), but he’s now part of a much broader and more credible puzzle.

Some still don’t see the bigger picture forming between BURU, SYME, and Tekne — but to me, it’s looking less like coincidence and more like a coordinated plan coming together.

Matteo Ricchebuono now leads SFE (Société Financière Européenne), the main financier backing BURU and SYME. His CV is serious:

• Deutsche Bank (London, Debt Capital Markets – one of Europe’s premier investment banking arms)

• UBS (London – one of the world’s largest and most prestigious wealth managers)

• Banca IMI (Italy – the investment banking division of Intesa Sanpaolo, Italy’s largest bank)

• Global Funds Europe (Partner – a London-based fund platform distributing institutional products across Europe)

• GFG Funds board (Luxembourg SICAV manager – handling fixed-income products for EU distribution)

• Bocconi University (Milan – Italy’s top economics and finance university)

Then, just weeks after Matteo helped fund BURU, Giorgio Ricchebuono — likely his brother — was appointed President of Tekne, the same company BURU is now acquiring. Giorgio is equally credible:

• Deputy General Manager, UBI Banca (formerly one of Italy’s largest banking groups before merging with Intesa)

• Professor, Catholic University of Milan (a top Italian university for business and economics)

• Now acting as Chief Restructuring Officer of Tekne, steering its relaunch and operational overhaul

So, we’re seeing two well-connected, seasoned professionals — one with a background in capital markets and structuring, the other in banking operations and industry — now appearing across SYME, BURU, and Tekne.

That doesn’t look random to me. It looks like a coordinated build-up of financial and industrial capability — just as the model (and possibly monetisation) moves forward.

Let’s see what next week brings — but there’s reason for optimism again here for long-term holders.

GLA LTH’s!

This is also re-affirmed in the Dec 17th 2024 Business Update

“Supply@ME and Banco BPM S.p.A ("BBPM") are continuing to work together to provide an alternative solution which would allow IM transactions to be completed without the need for a specific remarketer to be contracted for each separate IM transaction. The objective is to allow the need for a remarketer to be avoided in certain circumstances, unlocking the potential and scalability of the IM facility further. Alongside this, the working group is continuing to work with the targeted customer base (agri-food supply chains) which, as of today, comprises the first White-Label Client Company (an Italian cheese producer) and a new second one originated by BBPM, being an Italian leader in production of tomatoes products”

They could have have the structures in place allowing quick scaling with the reseller issue gone and the safety net of Italian government backing and the comfort of the client being a NATO /US arms supplier.

“Banca BPM are NOT working with SYME”….wasn’t it you who contacted them & they confirmed that a transaction is being “assessed” but not yet complete??

Is that not working together to make this new asset class model work?!

This is exactly what SYME’s RNS’s are saying!!

From the 5 April 2024 RNS titled Business Update:

“The Company and Banco BPM S.p.A. (Banco BPM) are working together on an alternative monetisation solution not requiring a specific remarketer per deal.”

It also confirms:

“A second White-Label client (an Italian tomato-products leader) has been identified by Banco BPM.”

That’s the bank actively collaborating with SYME on scaling the white-label IM model. Hardly “not working with them,” is it?

And yes before you say it, we had previous partners named and progress stalled but that’s been the SYME journey - a tough and painful one for all of us who held and believed during this period to watch our investments dwindle!

The remarketer / reseller issue appeared to be the final hurdle and with Tekne an in house client and the high resale value of military equipment - all that goes away!

Given the close callaboratibe history between SYME and Banca BPM, contracts could be rolled out fairly quick if this plays out how as LTH’s hope.

Also even if it’s doesn’t work out with Banca BPM - who is not going to want to invest in a new asset class which has just received Italian government backing with the golden power sign off….when it lands…..which now seems fairly certain.

Hopefully things will be a lot clearer this time next week.

As always GLA LTHs!

Morning all LTH,

Very bullish tweet just dropped from BURU — worth a read. Confirmed Golden Power is underway, and they’re advancing Tekne’s military-grade orders. But what really stood out?

They openly said they’ll use SYME’s inventory monetisation platform to fund Tekne’s scale-up. That’s not a maybe anymore — that’s intent.

Here’s what most are missing: the old “remarketer” issue that slowed the model — and which Banca BPM reportedly wanted resolved — is now removed. With BURU owning Tekne and SYME as the embedded funding engine, everything is in-house. There’s no third party needed to remarket inventory, removing compliance risk and giving full transparency. That was the last big blocker. If BPM’s earlier framework is still active, it could be locked and loaded to help BURU access far cheaper institutional cash flow via the SYME engine.

This time it will have government backing and be supplying US & NATO military equipment. What could be more bullish?

Zamboni’s “baby” may have been the slow grower in the past, but this feels like the moment it hits its growth spurt.

Plenty due short term:

• Official press release next week

• Golden Power decision

• Tekne and SYME rollout

• Defense and funding convergence

The pieces are finally falling into place. Just maybe the little Italian jockey is going to pull this out of the bag.

As always GLA LTHs

Great input….investing is about the potential is it not??? If you don’t believe in that….fair enough!

Could, can, maybe, what if…..are all words of investing in belief!!

As always GLA LTH!

What a strange comment…

BURU and SYME are directly linked — as is the newly acquired TEKNE. It’s about understanding the structure of a coordinated pivot: military-grade inventory monetisation, all under one roof — no need for remarketers, no third-party risk. It’s being brought fully in-house.

This time it’s not just fintech talk — it’s backed by a real industrial arm, a US/NATO-facing product portfolio, and the potential Golden Power clearance from the Italian government. That’s not small talk. That’s state-level endorsement.

BURU, TEKNE, and SYME aren’t drifting — they’re converging. And if that integration plays out with regulatory backing?

It could be game on.

As always GLA LTH!

Johnb,

Sorry to hear that mate. I know the feeling — I’ve definitely posted some bullish stuff here in the past, probably even “rampy” at times, but only because things genuinely looked promising. And to be honest, a lot of it was to push back against the relentless noise from shorters. Sadly, they won that round — not because they had any inside track, but because they got lucky.

Zamboni over-promised at times, no doubt. But when you’re building something new from scratch, with no revenue and little support, it’s a tough ask. He hit setbacks — some self-inflicted, others just bad timing.

I still believe he’s looking for redemption now, and if the calibre of people around him today is anything to go by, maybe he’s found the right partners this time. BURU, Tekne, Nasdaq ambitions… it’s not over for me. That’s why I’m still here.

Hope you do well either way.

You do you — each to their own. You’ve sold and moved on (but have you?), and that’s fair enough. But those of us still here have made a conscious choice to stay, not out of desperation, but belief.

Yes, I bought the hype back then — 2–3 years in. Now I see this as a 5–15 year hold. That’s not wishful thinking, it’s long-term conviction.

People love to tell you it’s over, that it’s dead — but the truth is, you’re never truly out of the game unless you sell or that final delist RNS drops. Until then, it’s still very much alive, however unlikely some may think.

Negativity never built a single thing in this world. Vision, timing and resilience did (I’ve already had strike 1 with timing unfortunately).

That’s where I stand. I may be proved right, I may be proved wrong. That’s life!

As always GLA LTH’s!

Hi Atanasoff,

How special is spending a large portion of every day on a share board of a company whose shares are temporarily suspended when you no longer own SYME shares? That blows my mind!

BURU is however not suspended and very much SYME linked so sharing any info that might give a little hope for those who hold under circumstances such as these is probably the point of this board at this stage.

Or should we just give up hope and give up like those who have sold and are now here to save us from eternal doom?!

As always GLA LTH!

Not quite accurate Anal,

Firstly, the idea that this is some sort of negative “debt swap” is misleading. These preference shares were already a financial liability hanging over the company. Converting them into a structured instrument with defined terms is a clean-up, not a complication. It’s what you’d expect from a company getting its house in order ahead of growth and institutional partnerships.

Secondly, the conversion based on 5-day VWAP isn’t a trick — it’s a standard, fair mechanism that gives transparency and avoids manipulation. If anything, it limits abuse, not encourages it.

As for dilution — let’s be real — those preference shares were already a claim on the company. Now at least they’re being dealt with transparently instead of quietly sitting as dead weight on the balance sheet. If the business executes (Tekne, defence contracts, possible Nasdaq up-listing), the upside far outweighs any paper dilution fears.

And on the 900M authorised shares — that’s just headroom. Doesn’t mean they’ll be issued overnight. Most growth-stage companies do this as future flexibility, not as a signal of intent to flood the market.

Also worth noting — in the US market, companies are limited in how many shares they can issue annually under certain registration types like the S-3 shelf. They can’t just dump unlimited stock. Plus, Matteo Ricchebuono isn’t some fly-by-night CFO — he’s got real pedigree, and more importantly, he’s been putting his own capital in before asking anyone else to. He’s aligning himself with shareholders, not diluting us blindly.

This is what a real turnaround looks like — structured, strategic, and led by people who know what they’re doing.

GLA LTH’s

Morning All LTH,

Very interesting post, TGTD. All I’ve heard lately is dilution and confetti shares — yet here we are with BURU buying back shares, the complete opposite of what many feared.

Telegram groups have gone deathly quiet. Feels like they’re sitting on the sidelines, watching this unfold — sink or soar. I am betting on soar as I like to be a positive individual.

What’s impressed me is Matteo Ricchebuono, now steering the financial side. This guy isn’t here for fun. His background with serious institutions, including Deutsche Bank, speaks volumes — and the fact that Giorgio Ricchebuono (likely his brother) was appointed President at Tekne around the same time? That’s not coincidence — that’s coordination.

Also enjoyed seeing Tekne staff engaging with the BURU story on LinkedIn. They know what’s coming. This might just be the start of redemption here.

As always GLA LTHs!

Deutsche Bank you say…..

Matteo Ricchebuono is the link between BURU and Deutsche Bank—he served in Deutsche Bank’s Debt Capital Markets group in London from April 2006 through January 2014. That brings genuine institutional finance credibility to the table, signalling that BURU has serious people handling its financial strategy—not just bold talkers.

Maybe his mates there tipped him off with this huge defence spending….resulting in him pumping money into BURU and his equally well connected potential relative Giorgio taking over the President Role at TECKE - within a very short time of each other…..

It’s starting to all come together!!

Trev,

This EIB announcement is exactly why BURU–SYME–TEKNE are in such a powerful position. €3 billion is now being mobilised across the EU to support defence manufacturing — with €500M already flowing through Deutsche Bank. Tekne, with a €309M backlog of NATO-aligned military vehicles, fits the profile of a prime beneficiary. But here’s where SYME becomes more than just an add-on — it becomes the enabler.

SYME’s platform allows Tekne to monetise its inventory — converting unsold or in-production vehicles into instant working capital without debt. But the real play is this: if banks like Deutsche (using EIB funds) participate on SYME’s platform as Inventory Funders, those EIB-backed loans can directly fund the purchase of that inventory. That means EIB capital flows into Tekne via the monetisation mechanism SYME provides.

Instead of issuing new debt or waiting on slow procurement cycles, Tekne gets paid immediately. The funders get asset-backed exposure. SYME takes a fee. BURU owns the bridge. This isn’t a theoretical alignment anymore — it’s a perfect match for where EU defence funding is now headed.

GLA LTH

Anal,

This is where the fun starts …

SYME’s Platform Impact on Tekne and SYME – Updated (Based on €309M Backlog)

For Tekne – Profit Uplift

1. Tekne’s confirmed order backlog is €309 million.

2. Likely €150M of that is tied up in work-in-progress or warehoused inventory at any point.

3. SYME’s platform allows that inventory to be monetised without incurring traditional debt.

4. Tekne avoids bank financing costs of 6–8%, replacing them with non-debt funding.

5. Even with platform costs and funder discounts (around 3–4%), Tekne can save €4.5M–€7.5M per year in interest and accelerate delivery timelines.

6. These savings could improve margins and boost EBITDA by up to 20%, depending on operational scale.

For SYME – Revenue Generation (Updated)

7. SYME earns:

• Approximately 1% onboarding or structuring fee, and

• Annual platform usage fees of up to 3% of monetised inventory value.

8. On €150M monetised inventory:

• One-off onboarding = €1.5M

• Annual platform fees = €4.5M

9. Total year-one revenue = €6.0M, all from a single defence sector client.

Conclusion

Tekne could increase profitability significantly while maintaining capital flexibility. SYME proves its monetisation model in a high-credibility, government-linked environment. If replicated across additional clients or expanded within defence or NATO-linked suppliers, this model could transform SYME into a serious fintech infrastructure play. This is no longer just a concept — if the Tekne pilot works, the revenue and institutional confidence could scale rapidly.

As always GLA LTH!

Good post TG2D 👍

GLA LTH!!

Trev,

This feels different. Everything is ready! Get the deal done and there will be no shortage of cash & the ability to get access to it. As always not financial advice and DYOR.

Golden Power is the Key! - in my view it’s all but done - just the official announcement required.

There is also the main man at Teckne - Ambrogio D’Arrezzo, CEO of Tekne, a well-regarded figure in Italy’s defence and industrial ecosystem. He led the successful restructuring of the Thales Chieti plant in 2016 with government and union support, demonstrating his ability to safeguard strategic assets. Under his leadership, Tekne has developed NATO-grade military vehicles and systems, and works closely with Italy’s defence logistics agency, UTTAT. His track record reflects strong institutional alignment and responsible governance.

The Italian Golden Power regime protects national security assets, but also favours continuity and trusted leadership. D’Arrezzo’s continued involvement in the BURU–SYME–Tekne structure is likely seen as a stabilising factor rather than a risk. Given his history of collaboration with state entities and his proven defence credentials, it is highly unlikely that Golden Power approval would be withheld. On the contrary, his presence strengthens the legitimacy of the acquisition and reassures regulators of its alignment with national interests.

GLA LTH’s

Hi All,

I found this interesting.

I have only recently been made aware of the Ricchebuono’s link after seeing posts online which are very interesting instead.

If Giorgio Ricchebuono (recently appointed President of Tekne in May 25) is indeed related to Matteo Ricchebuono (current BURU director and financial backer), then this changes everything. We’re no longer talking about isolated appointments — this appears to be a coordinated, strategic alignment at both financial and operational levels across BURU, SYME, and Tekne.

Giorgio brings heavyweight credentials, including serving as Deputy General Manager of UBI Banca and a university professorship at the Catholic University of Milan. Matteo, meanwhile, has not only fronted capital to stabilise BURU, but also taken a central role in designing its funding structure. His professional background includes time at Deutsche Bank and UBS in London, as well as serving as a partner at Global Funds Europe, where he handled institutional distribution for major names like Lazard Frères Gestion. He is also President of S.F.E. and a board member of GFG Funds, a Luxembourg-based SICAV focused on fixed income investments.

While Shawn Taylor (legacy D White link and red flag to burnt SYME investors including me) remains on the board, his presence is clearly tied to managing legacy issues, ensuring continuity with past funding structures, and navigating the complexities of US filings and compliance. But make no mistake — it is Matteo Ricchebuono who is now steering the financial ship. He has the institutional standing, capital backing, and strategic oversight that signal a long-term vision rather than a short-term exit. He has a reputation of avoiding dilutive financing as much as possible.

It’s clear Matteo has a long-standing, credible track record in institutional finance and asset management. He would not risk that reputation by engaging in a shell operation or speculative play. His visible, regulated involvement strongly suggests a serious and sustained commitment.

With Giorgio leading Tekne and Matteo driving the financial side at BURU, the timing of their appointments — just weeks apart — seems far from coincidental. If they are indeed related, this looks like a strategic realignment of experienced capital and industrial oversight. This may be much more structured and credible than many initially assumed.

Throw in a re-militarising Europe (lots of state backed cash available & inventory in storage/to be stored)……I won’t dream anymore as there is a long way to go!!

As always GLA LTH’s!!

NotSoLuckyBob,

Zamboni is fully exposed on both sides — in the UK and US. SYME is prominently disclosed in BURU’s SEC filings. Any abuse of shareholder value would trigger regulatory scrutiny in both jurisdictions. As Executive Chairman of BURU and CEO of SYME, Zamboni cannot act in bad faith without risking his entire reputation and legal standing.

Golden Power sign-off shows state-level scrutiny and confidence. The Tekne acquisition — central to the BURU–SYME monetisation model — is undergoing Golden Power review by the Italian government. If there were any intent to strip value or run a shell operation, Italian regulators wouldn’t be considering approval for a state-linked industrial asset handover.

Delayed, conditional conversion — not forced dilution. BURU can’t convert a single share until SYME shareholders, the FCA, and the Takeover Panel approve it. The 19.9% rule remains in place. This is deliberate — if Zamboni wanted control without resistance, he wouldn’t be inviting scrutiny and requiring formal shareholder votes.

He extended the approval window — not accelerated it. The amendment gives SYME until 31 March 2026 (extended from September 2025) to obtain approvals. That’s not a trap — it’s time to stabilise the company, complete relisting, and hopefully re-rate on the back of BURU–Tekne momentum.

If he wanted SYME to fail, he’d have walked away. Zamboni could have let the BURU funding deal collapse when April and May tranches were missed. Instead, he renegotiated terms, secured escrow via SFE, and tied SYME’s growth to BURU’s defence monetisation strategy. No one goes through SEC filings, FCA oversight, Golden Power approval, and asset-backed funding just to abandon a business. I believe he’ll keep pushing until SYME recovers — and hopefully that rewards us too.

As always, GLA LTH!