RE: A better worded Question needed for next time..7 Sep 2020 21:05
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Hi Alessandro,
Thank you for doing the share talk interview and keeping investors updated. I’m wondering if i can have clarity on one of the Q&A’s regarding the “double count”
Within the 3 year contract. Can SYME expect to have multiple different inventories and transactions from each client, also would the pro active research figures of 1/6th of the year for holding inventory be accurate, would you say you can turn the inventory for each client maybe up to 6 times a year, and would this generate new revenue each time?
AZ;
thank you for reaching out us.
Each Client Company pay an annual servicing fee – in advance - also in relation to the number of yearly turnover of its inventory (for us is a risk-based indicator).
Consequently, in order to “up-sell” vis-à-vis the Client Company SYME could only buy new inventory (for istance new product lines or in case the Client Company will buy new businesses, …).
Regards
Alessandro Zamboni
Chief Executive Officer
M +39 3351824956
www.supplymecapital.com