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