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MisterGreen,

I am not labelling anyone and agree many are in that position but I would call them true investors……they are not willing to accept defeat!!! (Those are the ones you love to see turn good!!)

The stomach is not accepting the loss and holding on….that’s investing…very uncomfortable investing I must say but still hopeful!

They haven’t sold then turned to pure hate like some & attacking investors!!

UserSteve,

When a company auditor resigns, finding a replacement can be challenging due to several reasons:

Reputation Concerns: The resignation of an auditor might raise concerns about the company's financial health or governance practices. Potential new auditors may fear reputational risks if they perceive that the previous auditor resigned due to unresolved issues or disagreements with the company.

Due Diligence and Familiarity: New auditors must invest significant time and resources to understand the company’s business, accounting practices, and internal controls. This requirement for thorough due diligence can make the transition time-consuming and complex.

Regulatory and Compliance Issues: Auditors must adhere to strict regulatory and compliance standards. If an auditor resigns, especially if under contentious circumstances, it may signal potential compliance issues that could deter other firms from taking on the audit.

Independence Requirements: Auditors must maintain independence from the company they audit. If the market perceives that independence might be compromised, or if the pool of auditors who meet the independence criteria is small, this can limit choices.

Resource Constraints: Audit firms may have limitations in terms of available staff or expertise, especially in specialized industries. If the timing of the resignation occurs during peak periods like year-end, it might be even harder to find a suitable replacement promptly.

Financial Considerations: If a company is in financial distress or offers less attractive terms of engagement (e.g., lower fees or higher risk), it may be less appealing for audit firms to take on the audit engagement.

These factors contribute to the complexity and potential difficulty in securing a new auditor after a resignation, often requiring careful consideration and negotiation by both the company and the auditing firms.

The fact they will have done the above due diligence and have signed on the dotted line can only be bullish and reassuring for those investors who have stuck this through and are willing to wait it out whether win or lose.

GLA LTH

TG2D,

Out the two deals, the NEO bank deal is more important although Banca BPM is a huge name in Italy and recognised in Europe. The greater value monetised initially is through the NEO bank which I think is illimity Bank giving their strong reputation for helping SME’s and access to cash. Out of all the Italian Neo banks, they fit the bill the most.

The Neo Bank deal is also done in collaboration with Société Financière Européenne SA (SFE).

Banco BPM Partnership:

In January 2024, Supply@ME Capital secured funding from Banco BPM to execute its inaugural white-label inventory monetization transaction. This deal, valued at up to €10 million, involves Banco BPM providing €8.5 million in bank debt and €1.5 million in equity investment. The client benefiting from this transaction operates within the agrifood supply chain, specifically producing Italian cheese.

Italian Neo Banking Group Collaboration:

In April 2024, Supply@ME Capital entered into an agreement with Société Financière Européenne SA (SFE) and an Italian neo banking group to deploy an inventory monetization program. The initial funding commitment is €35 million, with plans to expand the program up to €135 million. This collaboration aims to support Supply@ME’s Italian client pipeline by providing comprehensive inventory and receivables financing solutions.

These partnerships underscore Supply@ME Capital’s efforts to enhance liquidity solutions for businesses through innovative inventory monetisation strategies.

Agreed, the wait goes on but we need an auditor and soon. If we are to go down the full WL model I ain’t too concerned about staff leaving, never looks good but banks will utilise the software/platform in ways that suits them and likely use their own experts. SYME still gets the 1-3% cut.

Maybe AZ got greedy and some important people did not get their, probably just rewards, and chose to leave before kick off….as long as the game ain’t abandoned!

Let’s see what happens!

Overall I thought todays RNS was quite positive though things moving at a slower pace than we all hoped but at least we are moving with more transactions.

From today’s RNS and what is Means for SYME and Banca BPM

1. Banco BPM White-Label Agreement (WL)

• Overview:

• SYME and Banco BPM S.p.A. (BBPM) entered into a White-Label agreement in January 2024 to facilitate Inventory Monetisation (IM) transactions.

• The initial agreement targeted €10 million of inventory to be monetised through BBPM’s funding and SYME’s platform.

• Progress and Updates:

• BBPM and SYME are working on alternative solutions to streamline IM processes:

• Removing the remarketing requirement: In certain cases, transactions can proceed without appointing a remarketing agent for each IM deal.

• This solution aims to increase scalability and unlock the full potential of SYME’s IM model.

• Focus on Agri-Food Sector:

• The collaboration targets specific customer bases in Italy, including:

1. An Italian cheese producer (the first White-Label client).

2. An Italian leader in tomato product manufacturing (new client originated by BBPM).

• Significance:

• Streamlining processes will allow faster deployment of IM solutions.

• The scalability achieved through this approach can increase the number of monetisation transactions.

2. Banco BPM Potential Equity in SYME

• While no explicit announcement has been made regarding equity ownership, SYME’s partnership with BBPM has deepened through the White-Label collaboration.

• Equity Insights:

• Large-scale collaborations such as White-Label agreements may signal further strategic interest from financial institutions like BBPM.

• Future scenarios could include BBPM considering equity participation to solidify its role as a funding partner and benefit from SYME’s platform growth.

Key Takeaways:

• The BBPM White-Label agreement is a key partnership designed to enhance transaction efficiency and scale.

• SYME and BBPM’s joint effort to overcome IM remarketing challenges highlights their commitment to innovation and growth.

• The collaboration strengthens SYME’s presence in the Italian market, particularly in key industries like agri-food.

This partnership reflects SYME’s steady progress towards becoming a leading inventory monetisation platform while building confidence among financial institutions and investors.

Most of us wouldn’t still be invested if we didn’t think it would turn around some day…..

The past is the past…..could this possibly be the start of it??

On Friday we had the announcement about Eight Capital Partners plc (ECP) lselling its holding in the 1AF2 Bond for EUR40 million. Here’s what this could mean for Supply@Me Capital (a linked company through The Avantgarde Group):

Key Points from the Announcement

• Transaction Details:

• ECP sold the 1AF2 Bond to SFE Equity Investments SARL for EUR40 million.

• The purchase price was paid in listed financial instruments that can be liquidated over time.

• ECP retains the security package over the bond until the financial instruments are fully liquidated.

• Buyer Profile:

• SFE EI is a securitisation entity specializing in public listed companies and listed instruments.

• It is part of Société Financière Européenne SA, which is controlled by The Avantgarde Group S.p.A (also linked to Supply@Me Capital).

• Implications for ECP:

• The sale provides EUR40 million of liquidity and strengthens the company’s balance sheet.

• Adds £20.4m of net assets due to prior impairments of the bond.

• Enhances ECP’s ability to invest in fintech sectors.

Potential Implications for Supply@Me Capital

1. Strengthened Relationship with The Avantgarde Group:

• The Avantgarde Group, which controls SFE EI, is a key stakeholder in Supply@Me Capital. This transaction demonstrates financial capability and strategic activity within the group, potentially benefiting Supply@Me Capital’s operations or partnerships.

2. Increased Liquidity in the Ecosystem:

• The sale provides liquidity for ECP, which may lead to additional fintech investments or innovations that could indirectly support Supply@Me Capital’s goals.

3. Potential for Collaborative Opportunities:

• The interconnected roles of ECP, The Avantgarde Group, and Supply@Me Capital suggest potential future collaborations or synergies in fintech and securitisation.

4. Market Confidence:

• Demonstrates successful asset management within the group, which may bolster investor confidence in Supply@Me Capital and its ecosystem.

5. Indirect Strengthening of Avantgarde-Controlled Entities:

• As The Avantgarde Group grows its control and financial activities, linked companies like Supply@Me Capital might benefit from increased resource availability and strategic support.

6. Potential for Supply Chain Financing Expansion:

• If funds from this transaction are directed toward enhancing fintech operations, it could accelerate innovations in inventory monetisation, a core offering of Supply@Me Capital.

7. Market Signaling:

• The deal suggests ongoing activity and strategic adjustments within the ecosystem, which might influence investor sentiment toward Supply@Me Capital.

Overall, while the announcement is directly about ECP, the connections through The Avantgarde

What a crazy day today!!

It was wild to see SYME surge over 118% in a single day, only to fall back down, closing up around 30%. Mixed emotions for sure, but some great advice was shared in one of the Telegram groups. Let’s hope tomorrow brings more clarity and action!

Investors in a situation like this—where a struggling company like Supply@Me Capital experiences extreme volatility—would likely have mixed feelings and should approach the event with cautious optimism. Here’s a quick breakdown:

1. Initial Reaction: Mixed Emotions

• Excitement and Relief: After a long period of decline, a sharp rise, even if it settles at 30% up, signals renewed interest in the stock.

• Cautious Skepticism: The high trading volume (11.28% of shares in a day) and quick pullback raise concerns about speculation rather than solid fundamentals.

2. Interpretation of the Event

Positive Signals

• Market Attention: High volume and price movement indicate renewed market interest, which could spark sustained momentum.

• Possible Catalyst: Such activity is often linked to upcoming news, rumors, or shifting sentiment.

Red Flags

• Speculative Trading: A rapid rise and fall could suggest short-term traders manipulating the price.

• Lack of Transparency: If no news supports the movement, it may not be sustainable.

3. Long-Term Investor Perspective

For those holding through a long decline, key questions arise:

• Has Anything Changed Fundamentally? Look for tangible progress, like new contracts or regulatory approvals.

• Is the Rally Sustainable? A 30% gain from a low base is meaningful but not transformative.

• Does It Fit Your Strategy? Consider if this aligns with your goals or offers a chance to reassess your position.

4. Managing Emotions and Next Steps

Cautious Optimism

• A 30% net gain is a positive signal after prolonged decline, but it’s early to call it a recovery.

Stay Informed

• Investigate the cause of the trading activity—official news, market rumors, or sector-wide trends.

Maintain Discipline

• Avoid emotional decisions. If the fundamentals haven’t improved, it’s too soon to declare a turnaround.

• Consider whether this provides a chance to adjust your holdings or partially exit if needed.

Final Thoughts

An investor should feel cautiously optimistic but grounded. While a 30% increase is encouraging, it’s critical to validate whether it’s backed by solid progress or simply market speculation.

If no meaningful news supports the rally, temper expectations and stay vigilant. If there’s evidence of real improvement, this could mark the start of a longer-term recovery. Either way, patience and a clear strategy are essential.

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