Member Info for Peakhope

Alessandro Zamboni, Chief Executive, commented, "2020 saw the groundwork laid for a number of business initiatives which have either been implemented or are close to fruition. We have also strengthened the board and senior management team with the appointment of a Chief Financial Officer and several highly experienced individuals to key positions. Despite challenging market conditions, SYME progresses towards the completion of its first inventory monetisation transactions. The proposed acquisition of the complimentary inventory "in-transit" business is continuing and, on a successful close would bring Supply@ME closer to its goal of being a leading global inventory monetisation platform. We aim for the positive revenue impact from several of our business streams to be reflected in the Company's next Interim Statement".

Alessandro Zamboni, SYME CEO, commented:

"I am delighted to announce this agreement as a cornerstone of our inventory funding strategy. We can now begin to structure the monetisation of the first group of Italian client companies. This is a key initiative for Supply@ME and we expect that it will serve as the basis for an ongoing and scalable inventory funding programme for Client companies, starting in Italy. We believe that this will also provide further confidence to investors who have been awaiting the news of our first monetisation.

We expect the agreement will create additional value for the Company, given the opportunity to invest directly in a Fintech Bank whose portfolio will grow as Supply@ME completes further rounds of monetisation. This transaction reinforces the positioning of SYME as an innovative fintech business, via non-credit transactions, aimed at assisting with the working capital needs of SMEs and large corporates."

Much progress has been made contrary to narrative beliefs !!

Following the announcement of 3 November 2020, the Company, with the support of the Shariah Funding Specialist and iMASS, has received the following communication:

"an official pronouncement has been released by Sheikh Dr. Mohamed Elgari and Sheikh Yusuf Talal DeLorenzo in their capacity as members of the Shariah scholar board (the "Sharia Scholar Board") in relation to the inventory monetisation service.

"The functional and the legal structure of the Inventory Monetisaton Investment ("Inventory Monetisation Structure") has been presented to the Shariah Scholar Board.

"The Shariah Scholar Board, following a review in compliance with the AAOIFI Shariah standards, hereby approves the Inventory Monetisation Structure as acceptable within the principles of Shariah."

SYME Chief Executive, Alessandro Zamboni said:
SIT BACK AND RELAX WE ARE NEARLY THERE he also said ;


"I am very pleased to announce the completion of the acquisition of TradeFlow Capital and the upcoming appointments of Tom and John as Executive Directors of Supply@ME. The acquisition will establish Supply@ME as the market leader in inventory monetisation and will generate a number of highly attractive synergy benefits for the Company in terms of funding and customer origination. By joining together, we now have an enhanced platform with an offering for the supply chain sector which is unparalleled. We are also assembling an exceptionally strong Board with the depth and breadth of experience necessary to maintain our momentum and we will continue to strengthen this team as opportunities present."

For accountancy treatment to be accepted as a true sale - the client companies have to receive upto 90% of the value of the goods to be monetised - if the margins are too tight for funders - guess what - the margins will be just right for our own captive bank - issue solved !!!

Oh look someone didn’t like one of my posts - it’s gone missing - but my ability to repost is still here !!

Wait for the news when syme starts to monetise real estate - off plan building developments that don’t need to be tracked - funding already exists for construction developments but it’s very expensive !!
Watch how syme/Tradeflow diversify across all industries on a global scale - we are in at the start of something very big !!!

The banks recommended customers to syme and Tradeflow - the banks would like to help clients companies but they do not have the staff ,infrastructure and technology to track/monitor the goods - banks are closing branches - syme are expanding and opening offices globally ,
AZ has been very well behaved and not tweeted or given any “ ready to fly” speeches - his silence speaks volume AZ will deliver and LTH will be rewarded - polite request - all genuine LTH please try to refrain from engaging with the trolls - it’s what they crave for !!
Best wishes all LTH

MarshallSteve - I echo the sentiments of speel and Thankyou for keeping the home fires burning for the rest of us - well done you - very best wishes

Thankyou Joil - that is good news
Atb

A sure sign that something is on its way is the amount of trolls over the last few days - they know it’s coming and so do we !!

Has that been confirmed or just speculation !

Guitarman - thanks to you I’ve just topped up - only £500 but got in at 29.2 my lowest but in so happy with that
Best wishes all LTH

I hope it’s not bust - I have learnt to manage my expectations and always at the back of my mind is the September deadline - I’m hoping we don’t need it - it could come anytime this week and it’s sounding like the 1st tranche of clients monetised will happen this week and the deadline relates to the completion of the 10% stake in the captive bank - come on AZ give us both barrels !
Best wishes all LTH

Not really getting excited about the AGM
My post was to try to change what was happening on the bb yesterday - that said I think there will be news before the AGM which I am looking forward too.

Although I'm quietly confident the 1st tranche of clients will be completed this week I'm also mindful that we need to manage our expectations - it could be end of Sept - we have had nothing to suggest there are delays but we do need to avoid the disappointment and subsequent sell offs we experienced last time - I think some are suffering from sellers remorse and are beginning to realise they acted in haste and now have to repent at their leisure !
It feels different this time AZ has learnt his lesson and has been very quiet and professional - it really feels like a well oiled machine has come together and the new bod have been very busy - Tom James and John Collis seem to know there stuff and come across very genuine and knowledgeable - it hard to see how they would put themselves in with syme if they didn't have the same belief in AZ !!
Best wishes all LTH

My guess would be that all questions submitted for the AGM will be answered on Thursday in a cracking RNS - early finish Friday with no dramas !!

It's happening - LSE standard email - look who's at the bottom - come on AZ get 1st IM over the line before AGM !

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Johnski - it doesn’t matter where you come from - you would fit in anywhere - a good honest poster with a good sense of humour and a very likeable personality , hope it all comes good this week and all LTH are seeing blue for the 1st time
Best wishes all LTH and AZ of course

Yorkshireman - from one Yorkshireman to another - ayup - syme was my 1st investment - I'll let you know how it goes lol
My second - Forbes venture - currently suspended - I can't be that unlucky - can I ? - surely one of them will come good - or both - in any event like you not over exposed and the way I square it in my head is - the deals throughout my life I've been successful with far out way the deals I've lost money on - so overall I'm significantly up !
Best wishes all LTH