RE: Transcript of Proactive interview 30/07/20202 Aug 2020 22:46
PART 2/3
…subscribe the first tranche, the junior tranche, of the securitisation declaration. The result was the analyst, the market, will consider the
platform a financial service, and so the value of the company will reduce. Through this scheme, this model, we could support the funding
of Supply@ME as we provide in the RNS, but this kind of first risk is not on the balance sheet of Supply@ME. This is a very important reason why, and I hope to explain better the point when we try to explain 1AF2 using the proceeds of the stock loan will support the funding process of Supply@ME. Nothing is not related to the placing of StormHarbour, that is on track, or the other 2 partnerships we are going to post and inform the market. I as CEO have to pre-empt the needs and I also like to protect the balance sheet of Supply@ME and also to talk to the market that Supply@ME is a FinTech initiative, it is a platform, it is not a bank or not a financial service. It is very important point.
P: Well I’m glad you’ve had the opportunity to talk to investors directly about that and explain for yourself how you see that structure of the company being part of the inherent strength of the company. In terms of where you are going next, what is the plans for the next 4 quarters and what can investors expect?
AZ: I think in the near future it is important to talk with investors, and also give information in relation to the upcoming results that are very important to both from the company origins and growth, and both the funding process, as I’m saying we are going to inform the market with concrete results, also the impact we could see in the next balance sheet the next results. The other hand it’s very important to talk about the trend of the share price, the price of the shares, because the point is that I think that it is important to understand that also the methods that the stock lenders, that we informed the market are managing, are only edge strategy in order to reduce their concentration risk in relation to the underlying of the shares. Briefly, the stock lender takes the shares, they are pledged from our point of view, because I don’t want to sell shares...
AZ: And the point is these shares, obviously the stock lender could reduce, mitigate the risk, and could sell with daily limits packets of shares, but without having an impact to the company. We are looking for and we are seeing it, action by these stock lenders in order to…