TAO Alpha

95 days ago

GOTCHA! Satsuma Technology restates first interims but the restated accounts still contain material errors!

Today Satsuma (SATS) published its audited interim results for period from 1 June 2025 to 8 August 2025. They record a loss of £10,377,000 and the company was technically insolvent with net liabilities of £6,845,000 versus a market capitalisation of £13.2 million. But given it held £54,043,000 of cash and £99,590,960 in Bitcoin there is no risk of the company going bust for liquidity reasons. The liabilities are almost all CULS so when they convert they will disappear.

123 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:

143 days ago

Tao Alpha/Satsuma, warrants, warrants and more warrants – this is taking the piss

I am not surprised that punters with warrants mainly at 1p but also at 6p have been exercising in droves as announced today. With the shares at almost 10p but worth a maximum of 1p but perhaps as little as 0.1p depending on whether the current 100 million quid funding round at 1p succeeds, folks would be mad not to exercise warrants and sell. Equally anyone buying the shares at almost 10p is also mad. Today there is another howling corporate governance stinker.

144 days ago

Tom Winnifrith Bearcast: Business, delays and pleasure

I discuss frustrations and blunders here in Greece and the gloomy view one gets of the UK from afar. Then: Eco Buildings (ECOB) and the idea of a Sharestock boxing match between fagash Brailey and Chris Gilbert, Bluebird Mining Ventures (BMV), Tern (TERN), Vast Resources (VAST) and more total nonsense at Tao Alpha/Satsuma (SATS)

146 days ago

Letter to the Financial Reporting Council & FCA re Tao Alpha and its grossly misleading accounts

The letter is self explanatory. I have sent it to both the FRC and the FCA. In a proper world a company currently trying to raise a hundred million quid would have its shares suspended pending a restatement of grossly misleading accounts. But in the real world who knows?

147 days ago

Is Tao Alpha, to become Satsuma, losing its highest profile backer?

Its valuation is bonkers and as revealed earlier, its accounts are iffy. But is Tao Alpha (SATS) about to lose its best known backer?

147 days ago

EXPOSE: TAO Alpha, to be renamed Satsuma: a BONKERS valuation but its accounts are wholly non compliant

The bitcoin in treasury madness continues. Valuations are still crazy. Chancers like David Lenigas are ramping as never before. Sordid promoters discuss new valuation metrics to justify the insanity and amid all of this who cares about material accounting tomfoolery?

149 days ago

Tao Alpha to become Satsuma: it is all noise

Another day and another bit of nonsense from Tao Alpha (SATS), the bitcoin in treasury come AI spoof shortly to be renamed Satsuma and which, at 10.1p is now capitalised at a fully diluted £1.3 billion. On a fully dilulted basis it would sit on cash and shitcoin of c£100 million.

151 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.

161 days ago

Tom Winnifrith Bearcast No 2: Schadenfraude!

I discuss the UK welfare numbers and how Gresham's Law can apply to people too. Then schadenfreude, The Smarter Web Company (SWC), Vinanz (BTC), Coinsilium (COIN), TAO Alpha (TAO) and Cel AI (CLAI) and the Bixby/Edwards gang.