RE: 2024 our year finally!1 May 2024 15:56
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."‘’