120 days ago
On 24 June Satsuma (SATS) announced that there would be, at last, a vote on returning capital to investors although still leaving £2 million in the kitty after all winddown costs and on delisting to become an unquoted shell. It also said that its audited accounts will not be published by the June 30, 2026 deadline, leading to a requested trading suspension from July 1, 2026. I think that is not justified by accounting law and just a ruse to hide monumental greed. The consequent suspension disadvantages shareholders and, as such, regulators should be all over Satsuma and its board led by disgraced Ranald McGregor-Smith. Here’s why.
472 days ago
Its valuation is bonkers and as revealed earlier, its accounts are iffy. But is Tao Alpha (SATS) about to lose its best known backer?
