Shares in the fraud Supply@ME Capital (SYME) raced ahead by 15% yesterday on news of a transaction which was financially immaterial. Crazy eh? How dpo we know it was immaterial?
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:
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.
Now that the Woodlarks walk is over, it is time for an in-depth look at Supply@ME Capital's (SYME) shocking full-year numbers. This is the first of a multi-part series, and brace yourself; it is shocking stuff.
So, who do you believe: the fraudsters at Supply@ME Capital (SYME), or The Financial Reporting Council? Er...the FRC.
According to his LinkedIn profile Mr Albert Ganyushin still works for the German asset manager Dr Peter’s Group. According to Supply@ME Capital (SYME) he “has worked as Head of Capital Markets at Dr. Peters Group.” Past or present? I do not really care. That is not the issue although if it is past that might explain his willingness to take Supply’s dirty cash. Any port, etc, etc.
