RE: Nuburu-Supply@ME-Tekne4 Jul 2025 12:08
TGTD, at present I see no positives. Yes, Syme have received the $300K, all that does is keep the lights on for another month, two at max given run rate of overheads. All AZ has done is extract cash from Nuburu shareholders to ensure his salary continues to be paid.
So what else is there?
Does Syme have a funding partner? No
Has Syme announced any deals (which would of course be material and need to be disclosed by RNS)? No
Is Syme at risk of losing its IP (if you can call it that!) if it defaults on repayments? Yes
In short I could go on and on but I think we all know the situation, there is nothing positive at present.