The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Castle….WL adaptions…we know Banks are interested in White Labelling our unique game changing platform….particularly a Bank in Saudi (see interims RNS). Each WL Partner will want the platform tailored to their needs.
It also shows that they can access traditional funding without Share issuing which is another thumbs up to their credit worthiness..
Tradeflow are SYME and SYME is Tradeflow. Thanks for clarifying that the group has no issue accessing Traditional Finance on the back of Tradeflows Fund…one of the most consistent returning commodity funds out there even during market turmoil and SYME’s pipeline of client companies.
Exciting times ahead.
Nobby you are a very twisted and bitter man…
Sweeten yourself up with some of these….https://uk.venchi.com/root/what-s-new/5637204075.c
Courtesy of Marcello Comelli…Director Venchi and Venus Capital and now a large share holder of Supply@Me Capital
Even more interesting Brother of Maurizio, director at Banco BPM
MAURIZIO COMOLI
Board Member
PROFESSIONAL ACTIVITY
Full Professor of Business Economics, teaches General and Applied Accounting e
Company evaluations at the University of Eastern Piedmont, former professor and researcher
at the Bocconi University of Milan; he also works as a chartered accountant
and statutory auditor. From February 2005 to June 2007 he held the position of Deputy Vice President of the former BPVN; from July 2007 to November 2011 he held the position of
Deputy Chairman of the Supervisory Board of Banco Popolare and has held, since
November 2011 to December 31 2016, the office of Deputy Chairman of the Board of
Administration. He was: President of the Chamber of Commerce, Industry, Crafts and
Agriculture of Novara, member of the Executive Committee of the European Association of
Cooperative Banks (EACB). He has held and still holds numerous corporate offices and which one
member of the supervisory body of major companies. He is currently President of the
Board of Statutory Auditors of the Interbank Deposit Protection Fund (FITD), Director
of the Italian Banking Association, Director of the European Institute of Oncology and covers
the following offices: Chairman of the Board of Directors in Vera Assicurazioni S.p.A.
and Vera Protection S.p.A., Chairman of the Board of Statutory Auditors of Mirato S.p.A. and MIL MIL 76
S.p.A., Statutory Auditor of Herno S.p.A. e di Montura S.r.l .. From 1 January 2017 until 4
April 2020 he was Deputy Chairman of the Board of Directors of Banco BPM S.p.A. And
from 10 January 2017 until 4 April 2020 member of the Executive Committee; from 4 April
2020 is a Director of Banco BPM S.
This is getting very interesting!!
Forgot to mention that we need to remember Banca BPM people (Italy’s 3rd Largest Bank) have done their own due diligence on SYME to give them an unsecured €1mil loan with mates rates….what have they seen and who will they tell? Are they also a funding partner who might make a move now other big players are holding large amounts of SYME shares…..AZ and his team must be itching to load up too but given we are likely to be close to game changing news, MAR forbids them.
This could get really fun very very fast. We 11x in Aug 2020….anything could happen! Not ramping, just very excited.
NobbyNooNoo Knows nothing….watch this video from Mr Market from the AGM…
#SYME Funders Venus Capital are long term @SupplyMECapital investors. They are mobilising their funding partner ecosystem for #SYME to monetise inventory using the Traditional route now we have #VeChain & @TradeflowM routes. They have big expectations for the SP! I liked that!
https://twitter.com/marketmaster88/status/1543632888284987395?s=46&t=R4p8-tIGhnJrWBWIK5I6xA
AZ explains Venus brilliantly and Friday’s TR1 confirmed he was true to his word. Venus are in for the Long Haul and will play a part in then Monetisation Process.
If Venus are planning in loading up then why not do it at these levels…the cat is out of the bag now, with the TR1, they will never get the shares cheaper on the open market. They will get some as part of the Capital Enhancement plan which SYME will use the Cash for to finally rid us of Mercetor who only dumped into any rise.
Venus are Strategic Partners…they will only sell at much higher SP levels and as AZ said, they have big expectations for the Share Price.
Just beautiful! Roll on re-rate!!
From Mr Market
Another day another #SYME TR1. Our Capital Enhancement Partners Venus Capital notifying 13.95% ownership of @SupplyMECapital. We have had many false dawns but think we are finally in re-rate phase. Now @BancoBPMSpa 3rd Largest Bank in Italy know what’s under the hood, everyone will!
https://twitter.com/marketmaster88/status/1580984408781508612?s=46&t=HcCY3Cf0Gk5z6QSCZSlNyA
Nice video of AZ attached to the above tweet which explains the big expectations Venus have for the share price. Also because they are an ecosystem of funders and partners, there is no ruling out Venus partners are not also loading up but staying under the 3% threshold. :)
THINK WE ARE FINALLY READY TO RE-RATE!!
GLA Long Term and Genuine Holders!!
From Mr Market
To put #SYME’s loan with 3rd Largest Bank in Italy @BancoBPMSpa you need to look at calcs like this. To get a £1mil Unsecured Business loan in UK, a Company would have to prove Revs of £700k A MONTH! Either we have loads coming in or BPM are one of our Funders! Fun times ahead
https://twitter.com/marketmaster88/status/1580574955359830016?s=46&t=_5RvoMlcSa6mFZOPXB5zNw
Nice message from a very smart Italian….
Former Italian Chamber of Commerce?
Former President of Italian Business Council UAE?Former Partner in iMass Investment??
*****************************************************
Hi, what is key to a Company in the pre-revenues stage is cash. That is the only concern, or the main one, that a shareholder should has at this stage. Supply@me's business model will take off, they are positioning well into the market, with VeChain and likely with traditional funders. It took more than expected and this is why cash is crucial to complete the job and transit the company to the other side of the river, where revenues can be generated and company become sustainable.
Therefore 1m euro loan is a good news, it gives that additional buffer of fuel to make sure the river is crossed without troubles and revenues will come.
The fact that a bank as BPM is lending money to Syme, it means they read their business pipeline and are happy with that: banks don't provide risk capital, they give loans only when they see the company is derisked and money plus interested can be paid back. This is why this news should comfort the shareholders and is a good news in my opinion... or BPM is also considering to work along the IM model and therefore contribute to the revenues generation. This would be even better.
We don't know, but either way it is a good news
??******************************************************??GLA LTH, it has been a long slog but our day is coming and very soon!!
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.
Cash is KING in any business....your castle is built on sand foundations if you have no Cash.
Cash to Invest and invest in your company with no CLN required for shareholders at attractive interest rates is even better.
My bets are on SYME being able to make way more than 3.2% on that £1mil investment....... :)
Maybe this is SYME's way of telling us who one of it's partners are before they have finalised Inventory Funding Contracts....BPM are a big player and been linked to SYME before.
With todays credit crunch....you don't give a relatively new company an unsecured £1mil loan without some hefty due diligence and credit worthiness checks.
Proves SYME have power and SYME has substantial Bank links....look at the linkup with Intesa Sanpaolo in MENA region!!
From Mr Market
#SYME has potential to 5x current SP with some approx sums based on current pipeline of inventory & funds r available. We are not at 66 bil shares yet but this will be the max for next yr at least. No more dilution &cashed up. Sums assume further WL & Tflow revs cover running costs
https://twitter.com/marketmaster88/status/1579765067830398976?s=46&t=4-WU75VppQCMpI72fz6n7w
You are not sceptical....you troll SYME and it's shareholders.
Venus are part of the CAPITAL ENHANCEMENT PLAN and have BIG EXPECTATIONS for the Share price. They are long term investors and an ecosystem of partners.
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.
From Mr Market
#SYME based on recent interims, £329.8 mill of inventory going through final stages of being Monetised. Near 50% increase in 4 months. First IM achieved. Now scaling up time! SP works out at 0.7p…7x current SP. The SP will quickly re-rate as the Platform proves itself.#stockpick
https://twitter.com/marketmaster88/status/1579089506036117506?s=46&t=_vPncMGC3xCai6oEAuaBMg
The above does not include White Label and Tradeflow developments. As per the interims RNS we know the “Company is involved in a White-label tender by a bank operating in Saudi Arabia”
Interesting times ahead!!
Former Italian Chamber of Commerce
Former President of Italian Business Council UAE
Former Partner in iMass Investment
*****************************************************
Or probably they simply decided then not to take Italian risk and stay on UK companies under common law and syme had to start from scratch the clients onboarding focusing on UK clients
However, I believe that now they may have a good portfolio of corporates onboarded. VeChain liquidity pool will add some additional fees to Syme. If they may announce by end of October a deal with a traditional funder (not crypto) this will close the loop
And you do not need to see 174 mill. If they can announce just 50 mill, that will be sufficient to create a spike effect, repositioning the share price in the 0.3-0.35 range
******************************************************
GLA LTH, it has been a long slog but our day is coming and very soon!!
From Mr Market
#SYME based on recent interims, £329.8 mill of inventory going through final stages of being Monetised. Near 50% increase in 4 months. First IM achieved. Now scaling up time! SP works out at 0.7p…7x current SP. The SP will quickly re-rate as the Platform proves itself. #stockpick
https://twitter.com/marketmaster88/status/1579089506036117506?s=46&t=_vPncMGC3xCai6oEAuaBMg
From actual RNS 28th June - The words of innovators…..ignore the non invested trolls
Alessandro Zamboni, CEO of Supply@ME, said: "We are delighted to have reached this important milestone, eagerly anticipated by ourselves and our shareholders, to secure the first inventory monetisation transaction. (NOW DELIVERED). Given the innovative nature of our product offering, the digital asset world is an ideal provider of funding for our unique asset class. Notwithstanding the recent turbulence in the crypto market, the digital economy will play a crucial role in supporting pioneering businesses like Supply@ME."
"As Supply@ME continues to scale, we are mindful of the evolving nature of the commercial and international trade, whereby digital assets are becoming increasingly popular among investors and have the potential to revolutionise the traditional financial services industry. They can also support and educate it for the future, boosting confidence in investing in new structures such as our Inventory Monetisation transactions. By embarking upon this alliance with the highly respected VeChain, an organisation that is unique in the sustainability and supply chain sector, we are working to ensure the business is future-proof and highly scalable. In parallel, we continue to progress our own traditional funding routes which remains strategic for our business model".
Sunny Lu, CEO of the VeChain Foundation, added: "We're always looking to join hands with innovative companies pushing the fore of digital technology. VeChain has demonstrated its ability to dream up, and subsequently deploy, new ideas and ecosystems that harness the revolutionary power of blockchain. We recognised the same potential in Supply@ME and their novel tradFi-Defi inventory management service. We look forward to working with them to co-develop these new systems and provide businesses with an entirely new method of raising value from Inventory Monetisation".
LET THE SCALE UP AND RERATE BEGIN!!!
Part 2….
fairer market with up to date tracking of commodity prices / values which are used for all financing packages creating a level playing field for all.
See below some further reading.
https://www.breakinglatest.news/technology/the-warehouse-now-it-can-be-securitized-to-finance-the-business/
A very detailed Company Prospectus has recently been released via RNS which charts the companies future growth plans and gives some background to the company itself and the key people behind it.
https://www.supplymecapital.com/wp-content/uploads/2022/10/SYME-Prospectus-Clean91.pdf
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…