RE: Its just taking time for companies to understand the value of SYME29 Apr 2021 21:26
Syme cannot put clients through a process that has not got poc , proof of concept has been achieved through the pilots, Shariah compliancy, 2 of the big four, FCA etc you cannot put clients through a process that does not exist, you need the poc 1st - the clients don’t prove the concept the process does - all regulations surround symes process has been approved - poc is in the bag - the 1st trance of clients monetised are not that far off,
Tradeflow has proof of concept and is very similar to symes model - save for Tradeflow is “in transit “ ie whilst the inventory is being shipped/exported and awaiting customs approval also Tradeflow purchase the goods whereas syme match funders with clients -
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.
PROOF OF CONCEPT HAS BEEN ACHEIVED/ APPROVED
Best wishes all LTH