Satsuma Technology

116 days ago

Letter to FCA & FRC re Satsuma Technology and accounts cover up

I explained yesterday why Satsuma (SATS) not filing its accounts so meaning that its shares will be suspended on Wednesday is a cover up and an abuse of basic accounting rules. I hope that the Financial Reporting Council and the FCA will make that clear to Satsuma so force it to publish the numbers ASAP and certainly ahead of a planned GM. My letter has just gone off and is below.

117 days ago

EXPOSE: Satsuma Technology: is Directors decision to delay publishing its audited accounts correct or a smokescreen based on false accounting claims?

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 It also said that its audited accounts will not be published by the June 30, 2026 deadline, leading to a requested trading suspension from July 1, 2026.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.

140 days ago

Satsuma Technology – though still lacking “cost discipline”, still value?...

Satsuma Technology (SATS) has issued a “Monthly Update” commencing that “May 2026 was a quieter month for the company, with its focus remaining on cost discipline. There were no acquisitions or disposals of Bitcoin during the month”. How serious is the “focus” on cost discipline and, resultantly, shareholder value though?

238 days ago

Satsuma – There needs to be more blood letting – it needs Tom Winnifrith to be Lenin

Shares in disastrous bitcoin in treasury Bixby Edwards spoof, Satsuma Technology (SATS) would be stunningly cheap if at 0.2p if I was in charge. I could guarantee that investors would make 50% to 100%. Sadly I am not.

375 days ago

Satsuma Technology – now 0.9p to sell, why wouldn’t CULS holders ask for their cash back?

I think it perfectly possible that the liars at Satsuma Technology (SATS) will fail to get the FCA to approve its new prospectus for an RTO by the new December 30 deadline. After all its lawyers quit because of accounting high jinks and Satsuma then lied about that to investors. But it may start to unravel before then…. Think about it as the shares are now 0.9p to 1.1p.

393 days ago

GOTCHA! Satsuma: an explicit admission that it lied to investors and the FCA rows back on prospectus

"Oh dear, Oh dear", as disgraced ex share tipster Mike Walters used to say when yet another of his disastrous share tips went horribly Pete Tong. Walters would have loved Satsuma Technology (SATS): loss making, proven liars and advised by rogues such as the journalist smearing PR scum at Yellow Jersey. It has all the attributes of a classic Old Mother Walters tip. Today’s RNS ends with the confession of lying.

443 days ago

Bitcoin in treasury spoof Satsuma raises £163.66 million at 1p, this is going to end in tears

Satsuma Technology (SATS) the bitcoin in treasury operation chaired by Matt Lodge, formerly an expert if fighting global warming by growing seaweed, set out to raise a minimum of £100 million in loan notes convertible at 1p but has raised a monstrous £163.66 million. This can only end in tears

445 days ago

EXPOSE: Satsuma Technology new CFO: out of the frying pan into the fire

Today Satsuma (formerly TAO Alpha) (SATS) has announced a Board change which some folk seem to think is good news. Think again. Satsuma states:

473 days ago

Tao Alpha to be renamed Satsuma now £1.3 billion of crypto insanity

The shares are racing ahead today on news that a new bitcoin spoofer has joined the board as a NED. Henry Elder may be a jolly fine chap but shares in Tao Alpha (SATS) soon to be renamed Satsuma Technology, are now almost 10p. This is insane.