RE: Tip toes20 Mar 2023 19:55
PNP regulation is rumoured to start this Thursday maybe explain 26.32% increase possibly finish blue every day this week - we will see - below taken from end of year trading update - would be nice to see WL up and running and 2 IMs just for starters :)
For example, SYME is currently working with:
· an Italian bank and a Big 4 accountancy firm to secure an IM transaction with an IM value of up to €10m, which involves an existing client of the relevant Italian bank; and
· a consortium of European investors for a securitisation issuance to fund an IM transaction with an IM value of up to €5m, which will involve at least one Italian and one UK client company.
Furthermore, the Company believes the new PNP Regulation, which is expected to be published shortly in the Official Journal of the Italian Republic, will provide opportunities to commence its white-label business model. The PNP Regulation will, for the first time in Italy, introduce the concept of "security interest" (a concept widely adopted across Europe and the UK) into Italian law, and allow entrepreneurs to access the financing of their inventory more easily, without having to sell, transform or otherwise dispose of their business assets.