UK, Preston, Nov. 04, 2022 — The SiLLC Assembly announces financial results for the nine months ended September 30, 2022.
Please note that this update contains forward-looking statements regarding our assembly prospects, goals, strategies, anticipated financial performance, and the anticipated impact of the pandemic on our projects and investments.
Please understand that forward-looking statements are only estimates of future performance and should be taken as such. The forward-looking statements represent assembly management’s expectations only as of today and the assembly disclaims any obligation to update them.
Year-To-Date 2022 Highlights and Assembly Update
The SiLLC Assembly (TSA) has achieved several significant accomplishments thus far in 2022, which are highlighted below:
- Strong cash flow generated from investments and member deposits
- Continued investments in technology and crypto assets
- Debt-free status maintained
- Ongoing efforts to reduce operating costs
Markus Schronen, Board Chair and Assembly Consultant of TSA, has confirmed that despite the challenging economic environment, the organization is on track to meet its conservative 2022 targets.
“TSA has made excellent progress in expanding its investment portfolio and further strengthening its cash position. These achievements will enable the organization to accelerate its investment plans in 2023 and 2024.
Despite the challenging market environment, our investments have remained stable. The Assembly has consistently delivered positive and sustainable benefits to all members. However, we anticipate that activities will remain challenging next year.
As previously stated, the back and forth of investment styles is likely to persist for the time being, and we expect our crypto investments to remain highly volatile. Over the next two years, we plan to increase our investments in crypto while also keeping an eye on other sectors for potential opportunities.
I want to express my gratitude to all members of The SiLLC Assembly. This has undoubtedly been one of our most challenging years.”
This document contains forward-looking statements based on the current estimates and assumptions made by the assembly team of SiLLC. These statements use words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, forecast, and similar formulations, but they should not be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results achieved by SiLLC and its affiliated groups depend on several risks and uncertainties, and may, therefore, differ materially from the forward-looking statements. Many of these factors are outside SiLLC’s control and cannot be estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. SiLLC does not plan or undertake to update forward-looking statements.
All transactions are carried out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. It contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results, and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, market and economic conditions, estimates, projections, opinions, and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements, case studies, or forecasts. All references to SiLLC’s advisory activities relate to SiLLC International.