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Regtech Open – more horrible omissions in prospectus that the FCA somehow approved

I have already highlighted issues such as the joke valuation methodology and the lack of IFRS Compliance which the clowns at the FCA seem to have missed. RegTech Open (RTOP) underwent a direct listing which meant that it didn’t have a broker scrutinising its Prospectus nor undertake any marketing on its behalf and it really shows, a few more errors for the FCA to consider, follow.

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GOTCHA – Regtech Open, you couldn’t make this up but it did!

On Tuesday morning I flagged up glaring red flags in the Monday announcement from the bezzle Regtech Open (RTOP) that Alessandro Zamboni’s Avant Garde had transferred 250,000 warrants “to settle a debt”. A corrective RNS duly followed. Gotcha! But the transaction still makes no sense.

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An Open Letter to the FCA - how have you allowed a £180 million utterly false market to be created in just over two weeks & will you fix it?

The FCA has failed again in its role as the body charged with approving prospectuses for companies listing on the Standard List. I refer to RegTech Open Project PLC which listed on 25 August with a £60 million valuation at 100p and which is now capitalized at £180 million. But it is clearly an almost worthless entity. Folks are going to lose a lot of cash. I have written to the FCA begging it to put an end to what is clearly a false market.

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Regtech Open: the bastard son of the Supply@ME Capital fraud – the comedy continues

At what point will the FCA show some shame for admitting this worthless POS with a non IFRS compliant prospectus to the Standard List with a £60 million joke valuation? The shares are now 292p valuing a loss making company with (falling) sales of £1million last year and no balance sheet at £173 million. And now there is another red flag at RegTech Open (RTOP)

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Regtech Open – Good Luck Paul

Regtech Open (RTOP), the latest monstrously over valued standard listed vehicle majority owned by Alessandro Zamboni has appointed a CFO, Paul McFadden. He won’t be starting work at RegTech until a successor is found according to the Chairman’s statement at Shearwater.

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Letter Reporting Josef Baulf & PKF LittleJohn to the Financial Reporting Council over Regtech Open

My good pals at the accounting regulator FRC have acted against numerous companies and enablers who I have snitched on. Next up I hope are the enablers of the utterly dodgy Regtech Open IPO of last week. I have written to the FRC.

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Letter to PKF LittleJohn – you will be reported to the FRC this weekend over dishonest IPO, marking your card

The auditors to Regtech Open (RTOP) which IPO’d on the Standard List on Friday is PKF Littlejohn where partner Joseph Baulf masterminded the transaction. I have written to Mr Baulf today to flag up his schoolboy errors and that I shall be reporting him and his firm to my good pals at the FRC later this bank holiday weekend.

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EXPLOSIVE DOSSIER: RegTech Open Project Plc - a £60m IPO CON from the Supply@ME stable the FCA thinks is fine and dandy

Yesterday the FCA approved the Prospectus for RegTech Open Project Plc (RTOP) so that it can list on the Standard List with a £60 million valuation, enriching Alessandro Zamboni of the Supply@ME Capital (SYME) fraud to the tune of £21 million. This detailed dossier explains why the FCA should hang its head in shame. This is a disgrace and shows that the Standard List regulator is just not fit for purpose.