Member Info for Hughez87

Hi TGTD,

Are you forgetting the Accounts filed and application for temporary suspension to be lifted RNS?

Morning SYME Investors,

Not the next RNS I was expecting but based strictly on today’s RNS.

1. The amended $5.15M facility between SYME and BURU is still active. $4.5M remains and will be delivered in staged tranches through to September 2025.

2. Clear payment dates have been laid out, beginning 23 June, which improves transparency and sets clear accountability.

3. BURU has filed its S-1 registration with the SEC — a required step before accessing its $100M SEPA facility.

4. The Standby Equity Purchase Agreement (SEPA) with YA II PN, LTD (Yorkville Advisors) was signed on 30 May.

5. SYME now has until 31 March 2026 to obtain shareholder, FCA, and Takeover Panel approvals — giving more breathing room before conversions can occur.

6. Interest under the facility is now rolled into conversions rather than being paid in quarterly cash — easing short-term liquidity pressure.

7. If the deal fails, BURU receives security over SYME’s IP and receivables in its Italian subsidiaries — meaning Zamboni has had to offer real collateral.

8. The related-party transaction was reviewed and approved solely by independent directors — Zamboni recused himself.

9. The platform is still described in the RNS as operational and enabling inventory monetisation through third-party funders.

10. SYME reiterated its intention to finalise the 2024 accounts and apply to lift the current share suspension.

For those claiming Zamboni is just lining his own pockets, consider this: he’s waiting on BURU’s S-1 to go effective so the new $100 mill funding facility can go live — and that will bring millions of dollars into SYME.

The SEC filing was made on 9 May. As of today (11 June), it’s been 33 days. That puts us right inside the standard 20–45 day window for effectiveness.

Once that hits, SYME gets its first $300K tranche (due 23 June), with more to follow through the summer. If this was just about self-interest, the facility would have collapsed weeks ago. Instead, it’s been amended, extended, and backed by a pending SEC Effective registration which is just an unfortunate procedural filing.

Watch what happens when the shelf goes effective. That’s the real test.

This must have been the reason the accounts have not landed. As far as I am aware the cash does not have to be received (just an agreed funding mechanism in place) before numbers can be used in accounts so hopefully with this cleared up these should land this week - possibly today or tomorrow.

As always GLA LTH’s!!

Also, if any of you guys are here as purely BURU investors please get in contact and il happily share the documents - interesting reading for you guys.

As Always GLA LTHs.

Morning All,

In order to view a company’s finances properly it is prudent to include assets and income so I downloaded the 2023 accounts myself and it all now makes sense as to why SYME have come into the mix.

See below direct from the accounts balance sheet document.

Our activity has been inspired by the legal provisions and the code of conduct for the Board of Statutory Auditors issued by the National Council of Chartered Accountants and Accounting Experts.

The Balance Sheet shows a positive result for the year amounting to €1,305,443, summarised in the following figures:

• Fixed assets: €19,156,275

• Current assets: €64,450,875

• Accruals and deferrals: €121,134

• Total assets: €94,752,690

On the liabilities side:

• Equity: €33,873,866

• Employee severance provisions: €1,069,798

• Debts: €53,688,128

• Accruals and deferrals: €6,120,898

• Total liabilities: €94,752,690

The Income Statement presents the following figures:

• Production value: €55,285,741

• Production costs: €51,262,133

• Operating margin: €4,023,608

• Financial income and expenses: €(1,871,950)

• Value adjustments on financial assets/liabilities: €365

• Profit before taxes: €2,152,023

• Income taxes (current/deferred): €846,580

• Net profit: €1,305,443

⸻

The Board of Statutory Auditors notes that the company is in a positive financial position, with an EBITDA of €6.151 million as of 31/12/2023, equal to 11.55% of revenue.

However, it highlights a significant increase in financial expenses, rising from €1,216,303 to €1,871,949 — amounting to 3.52% of 2023 revenue, which is considered a critical indicator.

This burden is attributed not only to high interest rates but mainly to a substantial financial exposure. This exposure is evident in the large amount of trade receivables under current assets.

The historical high indebtedness becomes even more critical when viewed prospectively, as noted on page 21 of the management report — the company will need to undertake new investments to reduce costs.

ENTER SYME

SYME’s model — converting inventory into off-balance sheet liquidity without requiring traditional loans — is designed for exactly this kind of capital-intensive, asset-rich manufacturing business.

In fact, the strategic logic of a BURU–SYME–TEKNE triangle becomes clearer:

BURU acquires Tekne → Tekne uses SYME to reduce debt → SYME gets revenue-generating use-case → BURU uplists clean, high-growth defense-tech play.

Also another thing I was pleasantly surprised about is Tekne have already been working on a Nasdaq listing pre SYME so this company has big ambitions.

“To support the development plan, the company has initiated a listing process on the Nasdaq in New York, appointing a leading auditing firm to certify the proper representation of the financial data in compliance with IFRS accounting

Happy Sunday!!

Plenty of tit for tat arguing going on below!

On a brighter note, surely we get our accounts submitted RNS tomorrow!

I thought it would be Friday but Monday is a more bullish day & hopefully it is tied in with bullish BURU developments & news as they seal the TEKNE acquisition deal.

As always, GLA LTH’s!!

2G2D,

Why the Silence from Tekne? I will answer.

From what I have been reading , this is typical for Italian defence contractors to keep a low PR profile, especially during sensitive regulatory reviews.

Tekne is a private firm, so they are not obligated to issue news the way public companies are.

The announcement will probably come after Golden Power clearance is confirmed, aligning with Italian legal/political caution.

BURU could not legally name Tekne multiple times in S-K & S-8 filings, specify financials, and file under SEC compliance without an actual agreement between both parties.

As always GLA LTHs!

If BURU buy*

Hi Demo,

Great post.

Well said, haven’t checked here in ages and looks like I wasn’t missing much.

Thanks to some of the info provided below I am actually feeling a little more optimistic regards SYME and AZ’s antics in US with BURU.

I assume our accounts RNS will land tomorrow with AGM Date RNS Friday.

If they BURU this Italian NATO supplier then things could change massively.

As always GLA LTHs!!

Hi All,

The charts are looking like this could be set up for a nice rise over the next few days at least…maybe weeks - not sure how it will act right up to delist but it could keep going following the financial results.

What’s the general feeling in here?

Volume picking up again and the spread can be quite large.

GLA

Here are key points about Alessandro Zamboni’s reputation in Italy - starting with founding his first company at 35.

• Founder of The AvantGarde Group (2014): Established this fintech hub focused on developing innovative financial platforms.

• Co-founder of Assofintech (2017): Helped create Italy’s fintech association, actively promoting innovation in the Italian financial sector.

• Expert in corporate governance and internal controls: Led key projects in the Italian financial industry, focusing on governance models, regulatory compliance, and risk management.

• Collaboration with academic and professional institutions: Member of the DEVO Lab at SDA Bocconi and supporter of Politecnico di Milano on topics like the Internet of Things and Supply Chain Finance.

• Leadership in Supply@ME Capital: Under his leadership, the company has achieved significant milestones, including innovative financing agreements with major Italian financial institutions….acceptable growing revenues still to be achieved.

These contributions highlight Zamboni’s role as a key figure in financial and technological innovation in Italy.

AZ may have fluffed up a few interviews and RNS’s when SYME were not ready. He is guilty as charged there, although he could say some some of these deals fell through.

The deal with Tradeflow added more creditability…this didn’t work out but as SYME investors the we own 18% of Tradeflow still who have a very successful fund. Let’s see how it progresses behind the scenes.

One thing for sure is AZ is no dope and im banking (see what I did there) on him pulling through with these white label deals with Banca BPM and Italian NEO Bank.

GLA LTH

Did I read somewhere SYME is to be discussed on the Oprah Winfrey show next week or was the post deleted…..madness!

TwoGood,

I am not teasing early investors either as I unfortunately was one of them!!

AZ sold us the dream, hook, line and sinker and way too early in relation to where things truly were behind the scenes. There was still an awful amount of work to be done a few years ago.

We are where we are and I will continue to wait.

GLA LTH

Strange things happening in here! I liked your post earlier Chewy which was and my reply, deleted!…..talking about the strange requirement for a reputable Auditor to liquidate when you can simply delist like RTOP…..

Good point Chewy,

If that day comes (I don’t think it will) I will unfortunately be holding, on the flip side if we get progress with WL through multiple banks and a few of those RNS’s land, which allows unlimited scalability, I will also be holding. Two deals (BPM and an Italian NEO Bank) we know already have signed terms and working through final remarketer issues.

That’s investing. Fintech startups-ups have a high failure rate but they offer multiples of initial investment if you are in the right one at the right time. A few years ago was too early for investors and AZ needs to own that. That is the high risk / high reward nature of it which is too much for some. We all are different.

Let’s see if AZ delivers. I have no doubt he has got a unique working product & platform, it’s how he plays it will be the ultimate boom/bust decider.

GLA LTH

SYME Share Trading & Potential TR1 Alert

Since last Thursday, we have experienced substantial trading activity culminating in a significant share price rise, prompting discussions about a possible TR1 (Threshold Regulatory Notification).

A TR1 is triggered when an entity acquires at least 3% of a company’s total shares. With SYME’s total issued share capital at approximately 71.73 billion shares, this equates to around 2.152 billion shares.

Regulatory Requirement:

Upon reaching this 3% threshold, the entity must declare its holding within two trading days. Therefore, if a major shareholder has surpassed this level, an announcement could be imminent.

Over 13.5 billion shares were traded last Thursday and Friday, with another 4 billion+ traded yesterday. This means that approximately 24.39% of SYME’s total shares have changed hands in just a few days.

Given the recent high trading volumes, are we on the verge of a significant holding disclosure?

Again GLA LTH!

Anal,

• BGM has accepted the role as SYME’s auditor, likely after conducting due diligence on its financial position and risks.

• Upfront payment of fees may have been asked for and offer some security, ensuring BGM isn’t exposed to non-payment risk but we don’t know this happened or was even requested.

• Despite material uncertainty over SYME’s going concern, BGM may believe the company has a viable path forward. I can’t imagine them not having a fairly thorough review of the companies plans.

• SYME’s connection to TAG’s restructuring adds some complexity, especially with no RNS updates on revenues or fundraising…..yet.

• BGM likely assessed the reputational and regulatory risks and determined them to be manageable, possibly with limited scope or disclaimers.

• Ultimately, BGM’s decision suggests confidence in SYME’s ability to continue operations, but questions remain around financial stability and TAG’s impact which I sure we will find out in due course.

The huge upsurge in volume suggests something positive could be on the horizon. Who knows!

GLA LTH

Take the hint and do one…..Monday might give you a deadly trade opportunity to make another £2k😆😆

Stevey Wonder,

Good to know you can read lad…..

True colours as in you issuing threats?????

Don’t try to intimidate those you “think” you know.

2G2D keep up the good work as you have rattled this cabbage….he begged me stop & threatened me thinking I was you……

GLA LTH

Now get back in the cement mixer…..

Us SYME investors will discuss SYME

Stevey (Expert Trader) Cement Mixer Ward

Again, I don’t understand the gibberish you are talking about!!

You do know that we all created the same group….without out you right???!!!….please tell me you know that!😆😆

You were that much of a C*unt we couldn’t take it any longer! Sorry/not sorry if that is new news to you!

I have no interest in physical combat with a 50+ year old slap head brick layer…..I don’t like hurting people.

cement mixer head / stevey wonder,

i have not a scooby doo what you are talking about as what you say normally is dog ****.

i read your post earlier about narcissism…..a man who issued threats and doubled down on them and called that person a victim for telling others!!

you sounded like a guy who would beat the wife and it would be her fault when she complained.

my only advice to you is get back in the cement mixer!

syme isn’t the same company it was—it’s evolving into a pure tech platform, exactly what investors wanted. the obsession over staff leaving misses the point. if the platform is built and shifting to a white-label model with banks, then roles like inventory analysts and customer acquisition teams become redundant. that’s not a failure; that’s scaling efficiently. some left because they weren’t seeing the rewards they expected, others because they simply weren’t needed anymore.

the real question is revenue—no one is denying that. banco bpm delays are frustrating, but once those transactions land, it proves the model works (term sheets and agreements have already been made). the agreement with the italian neo-bank is even bigger—it’s the real game-changer. securing a partnership of that scale is a validation of the model and a major step toward monetization.

if you’re still ****ging and saying “syme is dead” just because things have taken longer, you’re missing the shift that’s happening. the tech is ready, the cost base is down, and the pieces are in place. this isn’t a ftse 100 blue-chip—it’s a high-risk, high-reward fintech play. if you don’t have the patience for that, fair enough. but pretending the company isn’t moving forward? that’s just nonsense.