53 days ago
Today more than 5 months late, the fraud Supply@ME Capital (SYME) has finally published its accounts for the year ended 31 December 2024. Supply shares will remain suspended until it publishes its interim accounts to 30 June 2025 which were due by 30 September 2025. These are promised soon.
429 days ago
633 days ago
Today’s announcement by Supply@MECapital (SYME) of the failure of The Avantgarde Group Spa to pay Supply the cash due under its debtor due for the disposal of 81% of Tradeflow and make timely payments under its drawdown facilities likely marks the beginning of the end for Alessandro Zamboni’s corporate empire.
877 days ago
We know that Supply@ME Capital (SYME) paid £4,000,000 in cash and issued 813,000,000 shares to Tom James and John Collis for the acquisition of Tradeflow Capital. Following the issue of the 2021-year end accounts, SYME issued the two vendors a further 213,525,520 shares as deferred consideration which resulted in total holding of 1,026,525,520 shares. Under the vendors buy back of 81% of Tradeflow, Alessandro Zamboni’s AvantGarde (TAG) paid £2,000,000 for the 1,026,525,520 shares held by Tom James and John Collis as described below:
986 days ago
This may not be the end of this fraud. But it is certainly the beginning of the end. The unravel is underway, the rats are staring to abandon the ship now lurching lower and lower in the water under a growing weight of red flags. Anyone now holding the shares is completely insane.
1037 days ago
What profit or rather loss did the fraud Supply@ME Capital (SYME) make last year? What about sales? Assets under management at the sub scale asset manager Tradeflow? How little cash is left? Er…. Nobody has a scooby and that is even after a trading statement today from the fraudsters. If there was good news on any hard metrics, Supply would shout about it. Instead…
1123 days ago
Today the fraud Supply@ME Capiital (SYME) announced the following grant of awards under its Long Term Incentive Plan. Do not laugh, I kid you not:
1160 days ago
The purchase of loss making sub scale asset manager Tradeflow by the fraud Supply@ME Capital (SYME) for a bonkers price in a deal which saw millions of pounds worth of shares handed to secretive offshore bank accounts was always mysterious and another red flag to add to the forest already flying. Last month Supply said that it was considering unwinding the deal but yesterday’s dire interims beg the question at whose instigation?
1160 days ago
I noted earlier that in today’s interims from the fraud Supply@ME Capital (SYME) there was, according to note 11, another impairment charge of £765,000 on TradeFlow goodwill to add to the previous £800,000 impairment charge at the year end making a total of £1,565,000. The remaining intangibles of TradeFlow are carried at £6,724,000 in the balance sheet but is this still too optimistic a number?
1168 days ago
Hurrah! Hurrah! The core business, as opposed to the loss making sub scale asset manager Tradeflow, at the fraud Supply@ME Capital (SYME) has just completed its first ever transaction. The morons are creaming themselves arguing that it makes the shares, at 0.11p, a £47 million market cap, look cheap. Au contraire. Let me explain why and ask three questions of boss Alessandro Zamboni
1224 days ago
In my last article about the fraud that is Standard Listed Supply@ME Capital (SYME), I noted the following paragraph within the RNS of 22 July:
1224 days ago
As it promised, the fraud Supply@ME Capital (SYME) is launching an open offer to qualifying morons, oops I meant shareholders at 0.05p to raise up to £320,855. Natch the statement contains outright deceptions and misrepresentations but also shocking news on the sub scale loss making asset manager Tradeflow. The misrepresentations first.
1255 days ago
Shares in the fraud, Supply@ME Capital (SYME), raced ahead on news of a financially immaterial transaction. Crazy, eh? And how do we know it was immaterial?
1260 days ago
Earlier, I exposed numerous red flags concerning a) 2021 revenues and b) the Tradeflow deal; now, I turn to Supply’s (SYME) accounting blunders from calendar 2021. Of course, the company is no stranger to accounting blunders, including:
1260 days ago
Earlier, I exposed numerous red flags regarding Supply@ME Capital (SYME) revenues. I now turn to the lossmaking, sub-scale asset manager, Tradeflow, purchased in a smoke-and-mirrors deal on July 1 2021. Again, brace yourselves; this is ugly.
1340 days ago
If you look on the site BondAdvisor-Report-FHIM-Trade-Finance-Bond.pdf (bondexchange.com.au) you can see a document which seeks to raise $40 million in debt for a US dollar fund which had equity of $40 million (page 19) and which was launched on 4 August 2021. Although the fund isn’t named as the sub scale loss making asset manager Tradeflow owned by the almost insolvent fraud Supply@ME Capital (SYME) the subsequent proposed bond issue detailed below clarifies that it was indeed Tradeflow.
1371 days ago
Today is another day and another month where the fraud that is Supply@ME Capital (SYME) has paid back a portion of what it termed a loan but was clearly a death spiral by issuing another 489 million shares to Mercator. Okay, £500,000 repaid only £5.6 million to go and with the shares trending ever lower that will require an utter blizzard of new shares for Mercator to forward sell. But that is not the end of the dilution.
1616 days ago
For a death spiral to work, your shares need to be trading. If they are suspended, you cannot run a spiral. And without its recently arranged death spiral, Supply@ME Capital (SYME) and its soon to be bought sub scale loss-making fund manager Tradeflow go bust as they have no cash and are both burning cash. Hey ho. The shares could be suspended as soon as next Thursday morning. The reason?
1661 days ago
Good news travels fast, bad news is always delayed and that brings us to the delays from Supply@ME Capital (SYME) in buying the loss-making, sub-scale, Singapore-based joke fund manager Tradeflow and in publishing its results.
