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EXPOSE: Satsuma Prospectus approved what was the FCA thinking about: turn to pages 79 & 80

Tom Winnifrith
Wednesday 17 December 2025
I despair. Just what is the FCA smoking? It has approved the prospectus submitted by Satsuma (SATS) so the company will not go bust and its share capital will be swollen as vast numbers of CULS are converted into shares. But did the FCA not read pages 79 and 80 or were its staff too bust downloading ESG porn at that point?

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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