Member Info for ns20

It certainly is great to be in a position where you don't need the investment held, now. Just let it ride. . . . . .

here here. I was going to engage with some of the posts, but thought whats the point. No value in doing so for me or anyone else.

If SYME could get Amazon to White label the SYME platform, inside Amazon, holding goods that are on fulfillment, that would be a game changer. There would be no debate on who owns the stock.

Regarding Jim Coyle and conspiracy theories. . .

Coyle said he was stepping down to better balance existing time obligations across his extensive portfolio of non-executive roles, which the board has acknowledged and agreed that his departure will take place with immediate effect.

The company said that as its first White Label and Inventory Monetisation transactions move towards completion, the board expects an increase in business volume and Coyle had decided it was the right time to step away due to the level of commitment this will require.

Chief executive Alessandro Zamboni said while Coyle’s tenure has been short, “his impact has been immense” and “he leaves our business in a stronger position than he found it”.

“We are very sorry that demands on Jim's highly valuable time prevent him from being able to provide the level of support required for our next phase of our growth.”

SYME said the board is now actively seeking a permanent, long-term successor and in the interim will appoint one of its existing non-executive directors to chair future board and regulatory meetings.

https://www.proactiveinvestors.co.uk/companies/news/975807/supply-me-capital-appoints-advisers-to-complete-strategic-review-as-chairman-steps-down-975807.html

Whilst I am bullish about this investment, these constant copy and paste posts are complete and utter nonsense. They fall flat on the first line. . "plenty of news due soon." This has been the case for months, if not years. So it is not due soon at all. News will arrive exactly when it is meant to. . . It would be more beneficial and sincere to post meaningful facts rather than opinions. The BB will be a better place.

In the wise words or Corinne, "Relax Denzel, Relax" The annual results and update should be coming in April 2022, as per the link below
https://www.supplymecapital.com/investor/financial-calendar/

There is always someone with more. . At the end of the day, all **** smells the same. Have a great day.

I have about 9m with an average of about 0.29p last time I looked. I try not to look. lol

I'm of the view. I am locked in regardless. It is either a complete loss or a massive reward in the making. IMO it will be the latter.

We are all keen to see what progress has been made. . . All good things come to those who wait. GL

Anyway, back to my cars. . . Have an awesome weekend everyone. Remember be Kind to each other. It's nice to be nice.

Another point, I have a share in a retail shop. Some of the goods are held on a sale or return basis. Legally, the ownership of the stock sdoes not pass to our company, until the goods are paid for. We have the right to sell the goods and then pay for them. We have control of the stocks and declare the stock value on our Balance Sheet along with the Purchase invoice relating to our obligation to our supplier.

This is a perfect of example of what goes on in day to day life for many organisations.

They key will be in the legal framework between the Stock Companies and the Client companies. There must be something new and revolutionary in order to achieve this. This could be the very reason as to why it has taken AZ so long to get SYME off the ground ( Or as near to it as ever). 8 years ago, I could not have known what IoT was. It was probably something in the back of Bill Gates mind. Now it is a reality and a tool for the various trades that use them.

The Tradeflow point that I was considering, being different to warehouse stock monetisation is that the stocks have not yet been delivered to the client companies so control is not an issue. They stocks are in transit so the client companies will have no control and never will have, until the goods are delivered.

Hi all, it is a glorous day here in sunny Leicestershire and I have been playing cars today. Should have worked prepping for the start of the new tax year but thought, Sun's out, why not . . .

The True Sale discussion has been discussed many times on this BB, and there are valid opinions on both sides of the table. Control of the stock / inventory / current asset, call it as you will, is the key defining point. Without access to any terms and conditions and the legal framework behind the SYME model, we are not going to know for sure. I can only assume that there must be a solid legal structure to demonstrate that control has been passed to SYME.

My thoughts are that, if the stocks ( I am refusing to use the word Inventory. I do not use IFRS everyday as I am a Brit that has grown up with the FRSSE accounting standards) have been sold to the Stock Companies, control must have been passed with a number of options:

1. The client company must get permission to move or touch the goods.
2. The client company must pay for the goods if they want to despatch them to their customers. IE buy the stocks back.
3. The stocks are protected by IOT technology, that AZ has mentioned a number of times, such as Cameras / Trackers etc etc.
4. The Stock companies might have to pay rent to a notional rent store stock (Could be a possibility in some instances)
5. The Stock companies take a risk of stock becomes obsolete, out of date or out of fashion.
6. The stock companies may have to hold insurance on the stocks.

I don't think there is enough information in the marketplace to say, it IS a true sale or it IS NOT.

I have seen so many times professional advisors, that are experts in their field, make a judgement call on something that is new and untested in a court of law. Also, lets not forget precedent may well need to be set in multiple jurisdictions. There will be Auditors that will agree and disagree, along the way. Substance over form will also have a hand in it. The contract might say one thing, but what happens in practice might be another.

I am all for change. GM, you are right on this point, the SYME product should be, and I am hopeful that it will be, a revolutionary proposition for many businesses. I hope that it will eventually flow down to SME's.

But for now, I just want to see the first SYME IM and funding proposition in full flow.

What I would LOVE to see in the future is SYME as an add for the likes of SAP, Xero, and QBO, so you can simply process an IM in real time. That for me would be an absolute gamechanger. 99% of my clients are all cloud based now, and this really is the growth area to explore.

I believe that all the investors want this to do well. It really has the potential to give an excellent product and an awesome investment. There are many unknowns and while we can accept that there are conceptions that are easily debatable, we cannot accept what AZ is saying on face value. He has, in my opinion, been a little to eager to make statements which have not yet come to pass, or have not been delivered with expectations that he has conditioned the market with. I cannot fault is passionate nature. It really is a case of make your play and hold for the long term.

Furthermore, the Tradeflow side of the business will be truely off Balance Sheet as the client company does not yet have control. I wonder how the lines have been drawn to compare the Tradeflow model to the warehouse monetisation and control is inhibited. This must have been addressed.

Hi Napalm, I get your point, I really do. Control is a key issue in this context. .

However, we havent seen the terms and conditions of the contract(s) and there might be provisions that satisfy the control issue with the IoT technology and the stock companies renting space from the client companies to store the products. I am clutching at straws, but basic financial accounting treatment, you are right. Whether we have all of the facts of the contracts, this will come out in the wash in due course.

RNS RELEASED, IM. . etc etc etc