If the FCA was not staffed by such utter clowns it would today be charging Regtech Open Project (RTOP) and its boss and majority owner Alessandro Zamboni with fraud. It would be go to jail Alessandro, do not collect £400, go straight to jail. For an RNS today admits to fraud.
Yesterday I dropped a note to the boss of the UK’s 72nd largest accountants LB Group warning him of his mistake in agreed to do the books for the fraud Regtech Open Project (RTOP). Today it is the Financial Reporting Council getting an email suggesting that it be proactive in stopping LB acting for Regtech. For by its own admission LB is not qualified to do the job.
In yesterday’s RNS, the fraud Regtech Open ( RTOP) 'fessed up that it had misidentified PKF Littlejohn Frazer the reporting accountants who signed off on the Regtech numbers in the Prospectus issued on 23 August 2023 as both reporting accountants and auditors on page 33 of the Prospectus.
When a company changes its year end from 31 December 2023 to 30 June 2024 on 29 February 2024 for no genuine reason, you know it’s is a poor company. When it then releases its second interim numbers on last trading day of the month in question at 5.42 pm just before the Easter Bank Holiday weekend that simply confirms a company that is trying to avoid scrutiny. Welcome to the scam that is Regtech Open Project (RTOP), another bezzle from Alessandro Zamboni.
The fraud Regtech Open Platform (RTOP), floated at 100p last August but whose shares now trade at just 4p has served up a dog’s dinner of a trading statement and a tacit admission that it is technically insolvent. In the days of old when regulators gave a FF these shares would have been suspended pending clarification.
It is technically insolvent, has yet to clear up the gross deception regarding the mystery 12 “investors” from its IPO and has not updated us on payments made, or rather not made, to it under a loan agreement from scampster Alessandro Zamboni. But Regtech Open Project (RTOP) has announced a year end switcheroo. Just six months after its IPO. Yet another red flag vicar?
Floated at 100p last August, shares in Regtech Open Project (RTOP) are just 3.66p, a new all-time low. That the prospectus was grossly misleading is beyond doubt. It claimed that Alessandro Zamboni’s AvantGarde was selling almost £18 million of shares to 12 lucky punters. But AvantGarde, like Regtech, appears to be insolvent, owing cash all over the place including to Regtech. Did any of the 12 punters actually pay up back in August? Why hasn’t the FCA suspended Regtech shares pending clarification?
When one is a director or a PDMR of a listed company and you buy or sell shares you should announce this to the market as soon as possible, within days. Those are the rules. But when your speciality is listing fraudulent companies, you take the view that rules only apply to little people, not to a person such as Alessandro Zamboni of Supply@ME Capital (SYME) and Regtech Open (RTOP) infamy.
For the record, shares in the insolvent fraud Regtech Open (RTOP) were listed at 100p on August 25 2023. A month later they hit 314p. Today they are 6.22p and they will go to zero. I have been a perma bear, but in a parallel universe Bubbles tweets away happily on both Regtech and the sister fraud Supply@MECapital (SYME), where he is also long and strong as its shares hit new record lows. Bubbles is a moron as you can see below. .
The Alessandro Zamboni scam Regtech Open Project (RTOP) has today stated that a “significant agreement” has been signed. The release is misleading, incomplete and skirts the elephant in the room. In short it is complete bollocks.
On December the lying conman Alessandro Zamboni promised that his companies would, by December 31, pay £1.4 million to Regtech Open Project (RTOP), where he is the main shareholder and a director, by December 31. Today, after pressure from me in recent days, including an FCA email swap yesterday, Regtech fessed that by the year end the scumbag had not paid a cent by deadline day.
The FCA is , no sniggering at the back, meant to regulate the Standard List of London’s Main Market. In August 2023 it approved the IFRS non compliant and grossly misleading prospectus of the fraud Regtech Open (RTOP). I have written it a note about the latest developments. Its failure to force a statement and/or suspend the shares is a disgrace.
Further to my previous article on Regtech Open (RTOP) and its first UK client which it claimed was “a major UK investor and strategic operator in key industries with a mature business continuity capability”, I have taken a further look at Eram Capital Partners Limited. You are going to be absolutely horrified.
Regtech Open (RTOP) the sub-Standard listed technically insolvent fraud has announced its first UK client win. And if you can’t smell a rat here you need to book an appointment with an Otorhinolaryngologist PDQ.
