Admin, can you please advise why the link to the Beyond SPX article was deleted. It appears that this board is being manipulated by one or more persons working in tandem or with multiple user accounts.
"As result of internal analysis, the Board of Directors expects to generate consolidated revenues for the year ending 31 December 2021 in the range of £3.8m - £4.9m."
TGTD, you previously told us that SYME would only be able to finance inventories that had guaranteed end user buyers, ie government contracts. These tens of thousands of SMEs you are now throwing into the equation do not have these guarantees and are exactly the same as every other SME out there, which by your own admission are not suitable for SYME funding. You have self defeated your own argument!
TGTD, does good corporate governance include ensuring the company is a going concern or is that irrelevant? I'd have thought it was fairly fundamental!
TGTD - "With a Milan-based bank like Banco BPM familiar with the inventory monetisation platform" - how many deals have Banco BPM funded over the years? None, why is that?
TGTD, I know how this works thank you, more so than you I think. Where do you think Syme are getting €40m from? Because they certainly haven't managed it over the last few years
TGTD "SYME operates in a fundamentally different space — financing inventory through structured processes, verification, and resale mechanisms, with risk borne by private investors rather than taxpayers."
Really? Can you give us examples where it has done this?
No TGTD, you haven't covered the interest rate at which Buru are going to lend to Syme and which you expect Syme to make a margin on top of, conveniently ignored!
TGTD, on the rather big assumption that Buru were to lend SYME $40m for funding purposes and that there would be an appetite for funding in the market place, at what interest rate do you think this would be at, given that SYME is not a subsidiary and a commercial rate would need to be applied? How is SYME then going to make a 1-3% on top of this? There are much cheaper methods of financing available to an already cash rich defence sector. Sorry, but your theories just don't stack up.