Supply@ME says investors didn’t understand its bank announcement, so here’s 5 key points to take note of

Supply@ME Capital CEO Alessandro Zamboni has indicated that investors didn’t truly understand the scale of its captive bank announcement yesterday despite SYME shares soaring.

Speaking in a recent video, Alessandro looked to clarify a few things – here we pick out 5 of the most significant:

  • A funding machine: The captive bank announcement has created a ‘funding machine for the platform’ – funding is no longer an issue for the business in respect to inventory monetisation.
  • Funding obligation: SYME itself is not paying for the agreement – and its partner now has an obligation to fund all inventory monetisation issuances.
  • International funding: The arrangement is not only to support the Italian market but can also support intentional markets such as the US and UK.
  • Short-term benefit and long-term benefit: Benefits could be felt in the short-term – it has companies ready to service with the new captive bank.
  • Institutional investors: Alessandro noted that they are buying into SYME and involved in the bank project and more will be revealed as part of its Middle East activities.

The above points were picked out from an interview today between Alessandro Zamboni and Katie Pilbeam of Proactive.

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