Member Info for Iguana

For those saying ‘we’ve missed the boat’ and ‘masks won’t be needed soon with vaccines’ are talking rubbish!

New, mutated strains are emerging with fears the vaccines are not currently protecting against!

I’ve met too many emergency services personnel who tell me ‘Covid is serious’ and they seen people of all ages seriously ill or dying from it.

Unfortunately, masks will be needed for a long tine yet!

RMS has a long way to go from these figures.

https://www.google.co.uk/amp/s/news.sky.com/story/amp/covid-19-uk-cases-of-south-african-variant-rise-as-indian-double-mutation-also-heads-to-britain-12276830

GLALTH

I 100% agree, minor bump in the road. Feels like we’re a part of something huge.

I appreciate some will trade, some will bash an troll but there’s plenty of us here that simply believe and will be here when that all important news drops.

GLALTH

Great post

Wolfo.... SNAP ;-)

Appointment of Chief Financial Officer

Supply@ME is pleased to announce the appointment of Ms Amy Benning as Chief Financial Officer with effect from 7 June. Ms Benning will join from Alfa Financial Software Holdings plc, a UK main market listed company. Prior to this she spent 12 years at PwC London where she specialised in UK capital raising transactions, M&A and IPOs for a range of clients.

Thanks BB,

I agree, with what you wrote. I think everyone was just looking for names and details of the 1st securitisation and have missed some of the actual details.

I imagine AZ is pretty p.off that he couldn’t deliver but I think the captive bank isn’t that far away. Let’s face it Quadrivio isn’t some Micky Mouse set up. They will want to get the captive bank sorted an earn money off it.

I reckon it’s sooner than we think.....

“Progress has been made with Quadrivio Group and the Captive Bank acquisition process.”

“The Company and Quadrivio Group will provide further details of this dedicated Italian monetisation programme through a separate announcement.”

BG, thanks for your input. We all know what you think of SYME so why don’t you go and play with your dolls an let people who are invested discuss between themselves.

Thank you

I agree and this caught my attention in today’s RNS..

Progress has been made with Quadrivio Group and the Captive Bank acquisition process.

The Inventory Funder, that had initially proposed to fund a wholly Italian portfolio (through the Open-funding route explained below), has expressed a preference to invest in a more diversified inventory portfolio across several countries rather than in a single country.

SYME has therefore agreed with its partners that, subject to the successful completion of the Captive Bank transaction, this Captive-funding route will be used to begin the monetisation of its Italian portfolio of Client companies. The first group of Italian Client companies that are expected to be monetised have been informed of this solution.

SYME anticipates that the Captive Bank should be able to provide a lower cost of funding than other investors which, if achieved, would deliver higher gross returns to SYME from each contract.

“The Company and Quadrivio Group will provide further details of this dedicated Italian monetisation programme through a separate announcement.”

The question from me is when will we get this separate announcement? It could be quite soon as (although it’s now late) we had this in the December RNS..

“The Trading Update on 30 November 2020 stated that the parties' objective is to complete the acquisition and the authorisation processes regarding the banking license during the first quarter of 2021. This timetable remains on track.”

Fair enough but there is a gulf between the MC of vela and AAA. In your opinion do you think vela can get close?

From where I’m sat I don’t see why not.

Unfortunately......

We will probably see the sp rise tomorrow on the back of that.......

Unfortunately your 7am is my 2am :-( hasn’t stopped me in the past waking up in the middle of the night looking at RNS alerts.

GLALTH

I’m looking at Vela mc at just over £9m then comparing it to AAA when JN is at the helm.

Why do you think the main difference is between the 2 companies? And do you think Vella can get to that sort of MC?

The reason I ask is I thought this would have moved on further since JN appointment as he’s cleared the debts, raised additional cash in the bank and has made some nice investments.

Thinking of getting back in here at these prices.

Excellent point HT.

If it was bad/ dull news you’d just let it slip out not advertise the fact.

GLALTH

To be fair, there’s plenty of whingeing on this bb too :-)

I hear pampers are a good share to get into.

Picture AZ with his finger hovering over the ‘RNS send button’ with a big grin on his face.

GLALTH

Whinger

AZ didn’t say it would be during the trading day, he said by the end of the month!

I think it would be an absolute stonier if he drops it after hours :-))

So much whingeing on here today.

So many experts telling AZ what he should be doing and calling him a liar.......

Absolute jokes, the lot of you, man (or woman) up grow a pair and wait.

He said by the end of Q1 and we’re not there yet.

CHILL.

Oooooops

Wrong board, my bad :-)