Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
The LOI is a new initiative that they have brought in that’s why - it’s only been very recently introduced as an extra DD methodology hence the included figs (new LOI) as opposed to previously mentioned figs (pre LOI required)It will catch up. You’re focusing on the wrong thing there Rich. IMHO DYOR
‘For this reason, in order to support the inventory funding processes managed by the CH Trading Hub, to date during 2024 a new process has been introduced where client companies are asked to sign a Letter of Intent ("LoI"), which going forward will be the catalyst to inclusion in our pipeline numbers, this new operational KPI is referenced below.
For the purpose of the Annual Report and Accounts for the year ended 31 December 2023 and this announcement, we include reference to the pipeline KPI used in previous years which represents the current potential value of warehoused goods inventory to be monetised rather than the pipeline revenue to be earned by the Group as well as this new measure which is underpinned by those client companies who have signed an LoI or term sheet ("New LoI pipeline number"). The new LoI process has been very recently introduced and the associated numbers are currently low, we anticipate being able to provide a stronger indication of the pipeline in our next market update.‘
And this was removed too just a reminder what certain agenda driven people on here only want an echo chamber of doom and gloom!
What was also removed and now reinstated!
‘Bless them just look at the pathetic Telegram crew trying to start endless negative thread titles - at least co-ordinate lads! This is 4 long years in the making and 2024 we reap the rewards. I think the ii passengers and funds with blockchain and fintech partner experts partaking have way more experience than yours! From this level it is one hell of a buy. Back in 2020 similar negative hounding and I bought and bought and what suddenly happened then a 1000%+ bounce! Take your positions longs it really won’t be long before we see this again and we can already see those naked and exposed shorts algos (we see you) trying to do so. You will get very little from the pi now as the WL drums I hear is coming up your rears! Ouch! IMHO DYOR‘
Thread reinstated below - a reminder what THEY wanted removed! A lot of effort guys. IMHO DYOR
‘That was a read and a half - critics can’t claim there’s no detail, they covered every single facet! 2024 is kicking it all in to place to reap the rewards; with so much volume of work completed and built in terms of the IP and first mover advantage platform & full working multi models & now full IM deal. There is no way any rival could in any way do what @supplyme have achieved albeit it’s taken far, far longer than any of us anticipated but in doing so they have actually built a better future proof model which will revolutionise global trade inventory management and monetisations on many levels! IMHO DYOR
In summary-
‘Alessandro Zamboni, CEO of SYME, said: "I am pleased to report that SYME has made tangible progress during 2023, and following the announcements we have made already in 2024 regarding the commitment for the first White-Label transaction and the opportunity to commence work with the investment banking industry, we are excited about what lies ahead in 2024. The first two successfully executed Inventory Monetisation transactions confirm our model is an effective solution for our corporate clients. Additionally, I believe the Inventory Monetisation transactions are a safe asset class for inventory funders, and those who have already joined us on our journey are receiving attractive returns on their investments. This leads me to conclude the Group is better positioned now than ever before in terms of commercial opportunities despite the challenges we have experienced with our corporate funding in recent months.
The team are now prioritising the completion of the first White-Label transaction, the implementation of the security token and the IM securitisation programmes. Alongside this, we are focused on ensuring our corporate funding is sufficient to implement these priorities as the Group moves towards the breakeven. Looking further ahead, we hope to be able to generate sufficient returns for our loyal shareholders which includes both institutional and retail investors."
Albert Ganyushin, Chairman, SYME, said: "The progress with the White-Label IM in partnership with a leading commercial bank, tokenisation backed by leaders in digital asset finance and now the agreement with a neo bank to fund companies from our Italian pipeline, clearly demonstrates the market relevance of our innovative product, which is evidently gaining traction with leading players in their respective market segments. The team managed to overcome many challenges in 2023 and put in place foundations for SYME to start delivering in 2024 on its tremendous potential of reaching a large addressable market."‘’
Bless them just look at the pathetic Telegram crew trying to start endless negative thread titles - at least co-ordinate lads! This is 4 long years in the making and 2024 we reap the rewards. I think the ii passengers and funds with blockchain and fintech partner experts partaking have way more experience than yours! From this level it is one hell of a buy. Back in 2020 similar negative hounding and I bought and bought and what suddenly happened then a 1000%+ bounce! Take your positions longs it really won’t be long before we see this again and we can already see those naked and exposed shorts algos (we see you) trying to do so. You will get very little from the pi now as the WL drums I hear is coming up your rears! Ouch! IMHO DYOR
The Analyzer and Extrader the two stooges from the Telegram shorting group always try & paste anything at all even if we announced a billion pounds revenue you would try & pick holes it really is getting ridiculous now. This is why I try to stay away from this board as it’s populated by your telegram cohort and we do know who you are! So in essence when is it time up for you gents, when is the bell going to toll on time up?
What you will never give AZ credit for is the herculean effort to bring the old school global inventory trade finance into the world of modernity fintech & present a wholly unique way to do this. Building the platform alone is one hell of an achievement & the IP that has been produced is fantastic. Our industry partners are experienced & respected, we have institutional investors along for the journey with us pi’s. It’s so easy to sit back & critique but what have you achieved here in reality? Wasted your own time being here day in day out? You went short (that alone is the essence of a negative & bitter move), I cannot abide shorts they kick out, spew out negativity whatever is achieved, put in the kicks & try & use the company and shareholders as their personal punch bags again and again and again. But one day soon you will feel the might of the company rising up against your vitriol and will feel the pain & stress you’re so happy to dish out to holders here. Think about what you do in order to gain money here. It is spiteful & disgusting wanting, wishing a company to fail as they are trying to successfully be a first mover disruptor & to achieve a new way of doing things to benefit business and make trade easier globally & more efficient along the way. Shorting groups like you should be banned the same as naked shorting is banned!
2024 WILL reap the rewards of the company’s hard work and expertise in this field. Like it or not. Now why don’t you get a life and foxtrot oscar! I am sure everyone will agree we hope you very soon get squeezed to oblivion and I will personally welcome and celebrate that day! IMHO DYOR
That was a read and a half - critics can’t claim there’s no detail, they covered every single facet! 2024 is kicking it all in to place to reap the rewards; with so much volume of work completed and built in terms of the IP and first mover advantage platform & full working multi models & now full IM deal. There is no way any rival could in any way do what @supplyme have achieved albeit it’s taken far, far longer than any of us anticipated but in doing so they have actually built a better future proof model which will revolutionise global trade inventory management and monetisations on many levels! IMHO DYOR
In summary-
‘Alessandro Zamboni, CEO of SYME, said: "I am pleased to report that SYME has made tangible progress during 2023, and following the announcements we have made already in 2024 regarding the commitment for the first White-Label transaction and the opportunity to commence work with the investment banking industry, we are excited about what lies ahead in 2024. The first two successfully executed Inventory Monetisation transactions confirm our model is an effective solution for our corporate clients. Additionally, I believe the Inventory Monetisation transactions are a safe asset class for inventory funders, and those who have already joined us on our journey are receiving attractive returns on their investments. This leads me to conclude the Group is better positioned now than ever before in terms of commercial opportunities despite the challenges we have experienced with our corporate funding in recent months.
The team are now prioritising the completion of the first White-Label transaction, the implementation of the security token and the IM securitisation programmes. Alongside this, we are focused on ensuring our corporate funding is sufficient to implement these priorities as the Group moves towards the breakeven. Looking further ahead, we hope to be able to generate sufficient returns for our loyal shareholders which includes both institutional and retail investors."
Albert Ganyushin, Chairman, SYME, said: "The progress with the White-Label IM in partnership with a leading commercial bank, tokenisation backed by leaders in digital asset finance and now the agreement with a neo bank to fund companies from our Italian pipeline, clearly demonstrates the market relevance of our innovative product, which is evidently gaining traction with leading players in their respective market segments. The team managed to overcome many challenges in 2023 and put in place foundations for SYME to start delivering in 2024 on its tremendous potential of reaching a large addressable market."‘
Good god Luckybob I have been buying for quite some time - I posted yesterday re the good news RNS a pivotal milestone. But this is exactly why I refrain from posting on the SYME board because anyone who shows the slightest enthusiasm is strangely vilified! I am aware of the price action and my theory is split on what’s behind it but it’s provided good buying opportunities has it not. Now should I filter you? Or are you going to stop with the churlish insults & stupid accusations and behave? If you’re so interested in my position here shall I run each buy past you every time as the self appointed headmaster here so you can check my homework! Now pipe down son enough! IMHO DYOR
JPP there isn’t 7 million worth debt that’s nonsense. IMHO DYOR
Well Flatliner that’s an odd comment considering my hefty position average is in the 0.0270 why are you so worried about me? I’m hardly thinking of selling up lol. You’d only be concerned if your very own first thought is daytrading . So many comments of negativity here from those who haven’t any skin in the game, they’re either short of funds, short on experience or short! On a purely technical level this should begin to bounce! IMHO DYOR
Ah ‘the marlet’ lol always the market as though the enthusiasm for good news with more buys than sells sees us down lower than pre RNS? Give me strength. If anyone is selling large quantities then they are making a right hash of it. To me it looks like the ‘naked’ short fed by the A trades is the one trying it’s best to pull down the share price here and has been for months. What connection that short has and who it is should be the question! But closure to clear the trade is coming! IMHO DYOR
Unicorn unrealistic expectations? From here? Seriously? Lol well what we can expect is to move away from this level soon. New entrants at these levels should do very well, current holders too with now much lower averages hopefully taken advantage. My entire holding is now in 0.0270’s so happy as larry! Amazing how annoyed and abusive the naysayers get on here when any tiny amount of utterance of positivity gets posted is now called a ramper. Good god so what price do you think UH we should be at, at this pivotal juncture? Do tell?
I think quite a few on here could do with some anger management lessons as well as investing tips! IMHO DYOR
Struggling to buy more in any reasonable quantities here so very much seems reverse of mythical large seller narrative pushing down the SP - now buyer doing 15 million clips today. Bought another 8k top up again. Happy to hold and get the real rewards going here. Buyers happy to pay 4 yesterday this is most definitely smoke and mirrors action after yesterday’s news. If it had been allowed to run then it would be trading in the 4-5 region without question! It cannot and will not remin sub 3 for much longer! IMHO DYOR
Two Good - what are you going on about ? I perfectly understand the model I think you need to read again lol. Where have I said interest rate per annum? Said opposite and pointing out to counter stupid posts that the maximum revenue would be 1-3% of the total 135 million facility which even that is good whereas its actually 1-3% of each monetised inventory psssing through the IM that could be weekly etc depending on the scale and sale of the company inventory but as they are big household names we have targeted with fast moving £££ inventory to match so it’s repeat, repeat, repeat with just one co in the IM and not a dead static percent of the total 135 million facility underwriting some were trying to say!
Anyway I have added another 8k this am as this pullback is ludicrous and unsubstantiated! Happy days. IMHO DYOR
IMPORTANT- It’s a REVOLVING facility the 135 miillion is the maxium underwrittrem at any one time by the bank - it moves revolves inventory goes into it then out on repeat on a weekly, montly basis. It’s not that % dead of the 135 million total IM underwriting your basic calculations are incorrect! And also 1-3% will depend on each of the companies within the IM new and the amount of inventory going through the IM facility - IM INVENTORY MONETISATION! Millions to be nade from just this one IM using ths Supply@me system not trad financing! It is 1-3% of each continuous inventory entering the IM blockchain system at any given time to a maximum of 135 million underwriting by bank at any given time ! IMHO DYOR
Fisch - I suggest that you are making huge assumptions and your advice comes from someone who has sold out but forgot to buy the bottom. Have a try tomorrow because it is you who is the trader here not me. If I sold my position then the amount of my position would make it impossible to get that same amount back in stock. And I am not willing to do that for a long time yet. I really don’t need to be schooled or patronised by you on SYME! You’re giving advice at rock bottom prices with no skin in the game after key progress made! Lazy insults is all you have to offer! So perhaps find another stock you do like and take your trade elsewhere then! IMHO DYOR
I strongly suggest Luckybob you dig deep and take that its the best news we have had in a long time and get behind it. I will ignore the Arthur Daley insult and the rest but why do you feel the need to! You can’t short it lol thats an amateur statement if ever I saw one. You need a better broker or an actual broker! We are talking deep pockets not pi’s anyway! I can’t abide shorters in any shape or form but the trading pattern here has been pretty odd for months. I suspect there’s an element of naked shorting going on here too.
If I want to post the market mechanics of a pivotal day and why then I jolly well will because I can tell you now I have a hell of a lot of capital invested here than the average Joe so I’ll sound as many bells and whistles as I like! This is not a pump on hot air rise or rumour this is probably the most key thing AZ has done is to get this in place. The IM is revolving & a huge income stream once the wheels begin turning it is not jyst 1-3% dead it’s IM with each company on repeat. That is then set in perrpetual motion which was the original model. We can also expect now green light switched on many more IMs across the multiple jurisdictions! I am delighted and so should we all. So Lucky enough with your misdirected insults! It is marked as a strong buy because it is! IMHO DYOR