Two days after letter to FCA Supply@ME Capital shares suspended – ouzo for the sheriff! A Lesson for the morons

My joy this morning is somewhat tempered by the fact that the River Dee which flows past the Welsh hovel in which I live is at its highest level this century and I have wasted much time putting sandbags by the doors at the river end of the house. Fingers are crossed as, right now, the waters have just reached door level. Notwithstanding that, it is ouzo on cornflakes time, as shares in con Supply@ME Capital (SYME) have been suspended at my instigation, albeit two days too late.

Tom Winnifrith Letter to the FCA - suspend Supply@ME Capital shares NOW

Supply@ME Capital (SYME) shares are listed on the Standard List which means that no Nomad has to sign off on its ludicrous RNS statements. The regulator is the FCA which only acts in a reactive way, i.e. after a company has sinned. Actually, the FCA's overpaid staff are too busy publishing papers on global warming, the gender pay gap or just shitting on the floor to do any regulation at all. The FCA is institutionally useless. However, in the hope that Supply's sins are so egregious that it might just act, I have emailed Mark Steward - the Enforcement Director of the FCA - asking him to get his minions to have a butcher's and actually do something. The letter is below.

Supply@ME Capital – accounting year end change shenanigans part 2: case precedent says shares MUST be suspended NOW!

Being on the Standard List, Supply@ME Capital's (SYME) statements are regulated not by the Oxymorons at AIM Regulation but the floor-shitters round at the FCA. When it comes to regulating the Standard List, the floor shitters make the Oxymorons seem like Inspector Morse, Hercule Poirot and the Sweeney rolled into one.  I have already shown the nonsense being stated about Supply’s change of year-end and why it is trying to cover up. Next up is why the shares should be suspended at once. There is case precedent.

BREAKING: Supply@Me Capital plc – accounting year-end shenanigans: Part 1 (what it's covering up)

How do you keep an idiot in suspense? Shareholders in Supply@ME Capital (SYME) are starting to find out.

Supply@ME Capital (#SYME) – delays accounting reference date from 30th September to 31st December

Supply@ME Capital (#SYME) – ‘new ‘META’ region co-operation agreement’, ramptastic!

Another day and another ramptastic RNS from Supply@ME Capital – it is all about the liar Zamboni’s option

Remember that bonkers RNS from September 24?  That is why Supply@ME Capital (SYME), and specifically its boss, the liar Alessandro Zamboni, is pushing out so many ramptastic RNS announcements.

Supply@ME Capital (#SYME) – updates on first securitisation issuance, further steps needed

Supply@ME Capital – just how credible is Susanne Chishti as a non-executive Director?

A key judgement for non-executive Directors if they wish to preserve their reputation is the careful selection of the companies whose Boards they join and remain on.  High quality non-executives avoid companies that could damage their reputation. Weaker non-executives tend to be less picky and hold their nose even if the companies they sit on are less than blue chip.  According to the Supply@ME Capital (SYME) Prospectus, Susanne Chishti was a Director of 9 companies as of the date of the Prospectus (it actually lists 10 companies but one is a duplicate) and only one appears to be a publicly listed entity.  

Supply@ME Capital (#SYME) – “update regarding its expanding shareholder base”. Ramptastic!

Meet investor Sonic the Dog who fantasises about beating me to death and abuses my wife and baby daughter

It seems that Sonic is another anonymous keyboard warrior, too cowardly to reveal her or his identity and who thinks that if he or she abuses me, my wife and baby daughter and threatens me, he or she might save the cons he or she is invested in, such as Supply@ME Capital (SYME). Asking who the father of my baby daughter is, manages to insult me, the Mrs and Jayarani. Normally this individual just sticks to me and fantasises about beating me to death. You kind of wonder whether Sonic shares his or her keyboard activities with his or her employer and partner. I guess they would be really proud of Sonic. 

Supply@Me Capital reveals its Cornerstone investor for the Italian Job: It doesn’t blow my bloody doors off!

But the Bulletin Board Morons who have fallen in love with this con are delighted so that is the main thing - it will allow the insiders to dump more shares while getting the Sith Lord Zak Mir to tell everyone they are buying!

Supply@ME Capital (#SYME) – ‘Captive Bank’ update, proposed financial partner Quadrivio Group

Has Supply@Me Capital really outsmarted the major banks like Goldman Sachs and JP Morgan?

On its website, Supply@ME Capital (SYME) makes a lot of bold claims concerning its business proposition for its potential corporate customers such as: 

Another red flag: Supply@ME Capital and that call option

Round at Supply@ME Capital (SYME) HQ it really is starting to look like the May Day parade in Moscow. So here is another matter for promoters such as the Sith Lord Zak Mir and the dwindling band of bulletin board fanatics to consider.

Supply@Me Capital – does its proposed transaction structure work under current IFRS accounting rules?

On its website Supply@ME Capital (SYME) makes a lot of bold claims concerning its business proposition for its potential corporate customers such as: 

The Mystery of the 2 Dogs that barked in the night: Supply@ME Capital “trading update”

Well actually there is no trading - as in generating real as opposed to accounting sales - to report on. Supply@ME Capital (SYME) again offers an update with not one single inventory monetization transaction processed. That is one mystery, the transaction cannot be heard barking at all. And there is another dog that could not be heard barking:

When will Supply@ME Capital collapse? A bear writes

I see that Supply@MECapital’s (SYME) multi-shamed boss, Alessandro Zamboni, has done yet another soft interview with the Sith Lord Zak Mir. Repeated interviews with a man who makes Justin the Clown look like Jeremy Paxman are a strong red flag. You can’t deliver operationally so try to get the ramping away with a man who won’t ask awkward questions. So I asked a bear, who is short, when the shares will stop dribbling lower as they do most days and completely collapse. He said:

Supply@ME Capital promises legal action against fake news - oh sweet irony

I gather that many Supply@ME Capital (SYME) owning morons are jerkling themselves off on the idea that the legal action will a) stop the share price slide and b) that the action is against that evil so and so Tom Winnifrith. I am afraid that on both counts the morons will be disappointed. But the tweet below shows there is a threat.

Supply@ME Capital: Excuses are like arseholes, we’ve all got them and no-one cares

The out and out con that is Supply@ME Capital (SYME) has today issued another statement of delay in rolling out its nonsensical business plan. Perhaps it will buy time for the founding shareholders to dump more shares while getting the Sith Lord Zak Mir and other promoters to pretend that they are net buyers.