RE: SYME PARTNERS AND NOW BIG % OWNERS = VENUS CAPITAL!! BOOM!!14 Oct 2022 21:49
So just to recap on the last two days :)
1.We have passed the criteria for a 1m euros loan from the 3rd largest bank in Italy - this sees an end to CLNs , dilution and dumping of shares, Banco BPM will have done a deep credit check on syme and will have looked into how symes finances will be able to cover not only the loan repayments but also it’s running costs :) it’s satisfied syme can meet its obligations over the next 5years ( the loan term )
2. We then get a TR1 confirming Venus’s share holding in the company - Venus as part of the capital enhancement plan will also have delved deep into symes finances and pipeline ( over 300m ) and are happy to hold a large amount of shares - they also know where we are heading and what is to come :)
3. The naysayers/detractors are firing blanks :)
What a good week for all LTH and a reminder how news can come out of the blue ending the day blue !!
Lots of news to come between now and Xmas :)
Stay tuned , trust the team and be rewarded for your loyalty support and patience :)